"Market valuations depend on growth, bond rates and perceptions of risk, and all three of those are going in the direction that actually expands the price/earnings multiple. " o_O, What ??? If you have any clue what he just said, please elaborate in the comment section.
I'm keeping it simple and have no clue where the market is going. All i know is that the SPY is still above its 200 MA, therefore I remain long. Trade is up 64.36 % since December 2012.