This market is overvalued using every metric. RIDICULOUSLY overvalued. Read this excellent analysis on stock market valuation metrics for guidance on the current market conditions.
jFor example, check out this analyst report on the absurd expectations on 2013 corporate profit margins.
There is a major recession coming in 2013. I'm not the only one saying this. Check out the CBO report on the projected 2013 recession. Excuse me, but where does the margin expansion come from?
If Romney wins, there will be a bull rally going even higher. My advice?