S&P 500 and the Blue Angels

(1) Cleveland and Toronto. (2) Valuation is worth talking about. (3) Less angst about earnings. (4) Questions Europeans need to answer posthaste. (5) Stocks must be rallying on expectations of massive European monetization. (6) Meet the Blue Angels: Constant valuation forward earnings. (7) Stunt plane flying in vapor trails. (8) The recent history of P/E dives. (9) More upside later than sooner. (10) The European problem won’t go away so fast.