US markets still a secular bear market with several more years to run.

Secular bear markets last as long as the market PEs fall from a peak to a low (usually less than 10 at the market)

However the real value of the US markets seen in the Dow/Gold ratio (how many ounces of gold to buy the DOW) .... simple and clear cut how stuffed the US markets have been over the last 10 years or so ... and still overpriced as well. Just as well this chart has a log scale

http://www.chartoftheday.com/20110624.htm?T