January | 2015 | iMarketSignals

Based on its historic trend, the stock market appears to be marginally overvalued.
The historic trend suggests a probable real gain of about 20% over the next five years.
Analysts’ long-term forecasts of stock returns made 3 years ago appear to have been unrealistically low.
The Shiller Cyclically Adjusted Price to Earnings Ratio is relatively high (but not extremely high), and a market correction is possible.