Best Start!!!

According to CNBC  the S&P 500's 8.7% gain since the beginning of the year is its best start since 1991.  Here's a monthly chart that goes back to that time.  What that chart doesn't show is that in February, 1991 was the period that the markets finally recovered from the 1987 stock market crash.  Over that 3 1/2 year period stocks basically went nowhere.  They worked through the aftermath of that crash and also had to deal with the first Gulf War.  By 1991 the price to earnings multiple {PE} on stocks had contracted to the point where stocks were attractive again.  Sound familiar?

By the way if you look at that chart you'll see that stocks had a pretty good run of it during that decade long before stocks went parabolic in 1995.  I think that's the kind of potential we could possibly see over the next couple of years now in our markets.   

*Long ETFs related to the S&P 500 in client and personal accounts.