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Since february bottom s&p futures (so without dividends) were on a nice 2.17% compounded growth trend....... PER MONTH (that's about 29% annual) that has.......... STEEPENED UP since brexit low and are now at 2.56% (for a 30 day month, august was 31 days) wich is 35% annualised growth 
Maybe stocks were cheap at the february low... not even close!!! 

That sounds to me in perfect accordance with macroeconomics fundamentals! gonna end well for dip buyers, be sure!