Long-term is clear, Short-term is muddy

The long term driving force of stock values, The P/E ratio will be cut in half from current levels before the long-term cycle completes itself.  We promised a more complete historical look at P/E ratios back in January and will try to get that information out later this week.  So stocks will eventually get cheaper, but will short-term events/government action cause further short-term rallys, maybe.