Equities are a better value today than the last time the SP500 hit 1560.

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Since late Augusts' McChrystal plan, however, these have risen 10% vs. the SP500's 8% rise in that same period.

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Consider the performance of the stock market, today the DJIA and SP500 stand about where they did 12 years ago.

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The index is built from probabilities of moving averages on the VIX and the SP500 and is purely quantitative with no qualitative forces being applied.

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