In the "What If Things Are Getting Better" Department

All the news over the weekend was about Syria.  What seems to never get discussed {except by me} are the things that continue to do well or are getting better.  Here's the latest.

Dr. Ed's Blog:  US auto sales rose in August to a new cyclical high of 16.1 million units (saar), the best pace since November 2007.

Bespoke Investment Group:  ISM Services Index Hits Highest Level Since 2005.

And I'll add an unrelated event but something important non-the-less.  The four quarter forward PE on stocks is currently 14.3.  Applying a 15 PE to the S&P 500 gives us a price of 1725 on the S&P 500.  That a cone of probability of 1725-1750 or about 4-5% from these levels.  Not saying we're going to get there but that's what the math says could potentially occur.

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