The '70s were a terrible time to invest in stocks, a bull market had started in 1982.

0年代股票投资一直萎靡不振，牛市在1982年才露端倪。

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We started by screening for stocks that had a lower price-to-earnings valuation than the S&P 500, which trades at a 17.9 multiple of estimated 2015 earnings. But we didn't stop there.

我们首先筛选了那些市盈率估值低于标普500指数的股票（目前，标普500指数的市盈率为2015年预期收益的17.9倍），但是我们并未止步于此。

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The '70s were a terrible time to invest in stocks, a bull market had started in 1982.

0年代股票投资一直萎靡不振,牛市在1982年才露端倪

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By the latter part of March, the uptrend had resumed and the number of stocks making new highs had also started to increase.

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After all, up until the trouble in MENA started, just about everyone agreed that U.S. stocks had some room to run to the upside this year.

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But the bailouts of countries like Greece, Ireland and Portugal started in 2010, when German stocks had a pretty good year.

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