View: S&P-500-Earnings-Deviation-111113.PNG (960×584)

S&P-500-Earnings-Deviation-111113.PNG (960×584)

The following charts are measures of deviation from underlying trends or averages. The greater the deviation from the long term trends or averages; the probability of a reversion back to, or beyond, those trends or averages increases. The first chart is the deviation of earnings from the underlying long term growth trend of earnings.

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