{"id":3997,"date":"2014-08-13T15:43:06","date_gmt":"2014-08-13T15:43:06","guid":{"rendered":"https:\/\/fundamentalis.com\/?p=3997"},"modified":"2014-08-13T15:43:06","modified_gmt":"2014-08-13T15:43:06","slug":"8-13-14-sp-500-correction-history-update","status":"publish","type":"post","link":"https:\/\/fundamentalis.com\/?p=3997","title":{"rendered":"8.13.14: SP 500 Correction History Update"},"content":{"rendered":"<p><a href=\"https:\/\/fundamentalis.com\/wp-content\/uploads\/2014\/08\/SP500corrections.xls\">SP500corrections<\/a><\/p>\n<p>The above link updates our correction history.<\/p>\n<p>The current correction, at which the SP 500 peaked at 1,991, is still &#8220;in process&#8221; until the SP 500 takes out that key level.<\/p>\n<p>Today&#8217;s market action with the Dow +105 (as this is being written), and the SP 500 +14 to 1947.65 certainly looks good now.<\/p>\n<p>1,947 for the SP 500 is roughly the 50% level of the current 7\/24\/14, 1,991 high for the SP 500, and last week&#8217;s 8\/17\/14, 1,904 low.<\/p>\n<p>Our Weekly Earnings Update found <a href=\"https:\/\/fundamentalis.com\/?p=3970\">here <\/a>is still flashing very much green for the prospect for stock prices.<\/p>\n<p>The fact that q4 &#8217;14 earnings growth for the SP 500 has now been revised higher since both July 1 and April 1 &#8217;14.<\/p>\n<p>Even 2015&#8217;s expected earnings growth has been stable over the last 6 months, versus steady downward revisions over the last 3 years.<\/p>\n<p>SP 500 earnings are just one metric, but an important one&#8230;<\/p>\n<p>Trinity Asset management, Inc. by:<\/p>\n<p>Brian Gilmartin, CFA<\/p>\n<p>Portfolio manager<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>SP500corrections The above link updates our correction history. The current correction, at which the SP 500 peaked at 1,991, is&hellip;<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9,99],"tags":[],"class_list":["post-3997","post","type-post","status-publish","format-standard","hentry","category-sp-500","category-sp-500-corrections"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/fundamentalis.com\/index.php?rest_route=\/wp\/v2\/posts\/3997","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/fundamentalis.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fundamentalis.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3997"}],"version-history":[{"count":3,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=\/wp\/v2\/posts\/3997\/revisions"}],"predecessor-version":[{"id":4001,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=\/wp\/v2\/posts\/3997\/revisions\/4001"}],"wp:attachment":[{"href":"https:\/\/fundamentalis.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3997"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3997"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3997"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}