S&P P/E at 10 year lows

[iceman1]

does this bode well for a Summer rally back to recent highs ?

 

[Bitstream]

we cud have a retracement similar to that of 2004 and then rally back to take out previous highs...but that might not happen before end of aug-beginnin' of sept.

 

[iceman1]

Quote from Bitstream:

we cud have a retracement similar to that of 2004 and then rally back to take out previous highs...but that might not happen before end of aug-beginnin' of sept.

your scenario is more probable except for the large recent sell-off which "could" skew the typical seasonality!