Unexpectedly Intriguing!
19 August 2014

Two weeks ago, USA Today's Adam Shell asked: "Is it just a pullback, coming correction or beginning of bear market?"

One week ago, David Rosenberg asked: "Market correction? Was that it?"

So what was it really?

Would you believe a brief reversion to the mean?

S&P 500 Index Value vs Trailing Year Dividends per Share, 30 June 2011 Through 15 August 2014

And yes, it's over. For now. Hope this helps clear things up for everybody!

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