United States Valuation Index

Stock Market Confidence Indices

Valuation Index - Institutional
Date Index Value Standard Error
Oct 1989 80.58 3.36
Apr 1990 60.61 4.25
Oct 1990 59.40 4.26
Apr 1991 64.57 4.24
Oct 1991 51.61 4.01
Apr 1992 51.46 3.82
Oct 1992 55.08 4.58
Apr 1993 57.14 4.41
Oct 1993 55.00 4.54
Apr 1994 57.98 4.52
Oct 1994 65.52 5.10
Apr 1995 64.71 5.18
Oct 1995 70.65 4.75
Apr 1996 60.49 5.43
Oct 1996 58.62 5.28
Apr 1997 49.55 4.75
Oct 1997 35.62 5.60
Apr 1998 45.97 4.48
Oct 1998 50.96 4.90
Apr 1999 33.04 4.39
Oct 1999 28.79 5.57
Apr 2000 31.03 6.07
Oct 2000 53.57 9.42
Apr 2001 58.93 6.57
Jul 2001 58.62 5.28
Aug 2001 58.89 5.19
Sep 2001 58.51 5.08
Oct 2001 60.00 5.16
Nov 2001 54.72 4.83
Dec 2001 50.82 4.53
Jan 2002 46.43 4.71
Feb 2002 48.41 4.45
Mar 2002 50.37 4.30
Apr 2002 44.70 4.33
May 2002 49.21 4.45
Jun 2002 55.86 4.71
Jul 2002 57.73 5.02
Aug 2002 57.58 4.97
Sep 2002 57.41 4.76
Oct 2002 60.75 4.72
Nov 2002 65.05 4.70
Dec 2002 63.64 4.59
Jan 2003 66.09 4.41
Feb 2003 69.09 4.41
Mar 2003 71.74 3.83
Apr 2003 72.93 3.85
May 2003 75.94 3.71
Jun 2003 74.60 3.88
Jul 2003 76.64 3.61
Aug 2003 76.00 3.49
Sep 2003 76.80 3.78
Oct 2003 79.85 3.47
Nov 2003 78.99 3.73
Dec 2003 78.69 3.71
Jan 2004 76.03 3.88
Feb 2004 74.77 4.20
Mar 2004 74.11 4.14
Apr 2004 70.80 4.28
May 2004 67.19 4.15
Jun 2004 70.23 4.00
Jul 2004 68.18 4.05
Aug 2004 66.67 4.20
Sep 2004 66.35 4.63
Oct 2004 66.00 4.74
Nov 2004 69.09 4.41
Dec 2004 70.69 4.23
Jan 2005 74.26 4.35
Feb 2005 75.45 4.10
Mar 2005 74.80 3.85
Apr 2005 75.54 3.65
May 2005 75.81 3.85
Jun 2005 72.39 3.86
Jul 2005 73.97 3.63
Aug 2005 74.68 3.46
Sep 2005 73.97 3.63
Oct 2005 72.79 3.82
Nov 2005 76.09 3.63
Dec 2005 79.07 3.58
Jan 2006 79.17 3.71
Feb 2006 81.90 3.76
Mar 2006 85.19 3.42
Apr 2006 88.76 3.35
May 2006 87.69 4.07
Jun 2006 87.67 3.85
Jul 2006 84.78 3.74
Aug 2006 79.63 3.88
Sep 2006 75.45 4.10
Oct 2006 77.12 3.87
Nov 2006 77.14 3.55
Dec 2006 75.76 3.73
Jan 2007 76.92 3.90
Feb 2007 80.21 4.07
Mar 2007 82.42 3.99
Apr 2007 79.35 4.22
May 2007 75.00 4.51
Jun 2007 71.97 3.91
Jul 2007 72.68 3.29
Aug 2007 73.97 2.82
Sep 2007 73.26 2.68
Oct 2007 74.33 2.39
Nov 2007 73.90 2.38
Dec 2007 75.77 2.27
Jan 2008 76.23 2.16
Feb 2008 75.07 2.28
Mar 2008 76.32 2.24
Apr 2008 76.31 2.36
May 2008 77.84 2.24
Jun 2008 77.04 2.31
Jul 2008 76.60 2.52
Aug 2008 78.86 2.37
Sep 2008 77.74 2.51
Oct 2008 78.41 2.32
Nov 2008 79.65 2.19
Dec 2008 80.65 2.24
Jan 2009 81.46 2.24
Feb 2009 80.85 2.34
Mar 2009 82.29 2.32
Apr 2009 82.81 2.72
May 2009 81.43 3.29
Jun 2009 79.89 2.92
Jul 2009 80.11 2.93
Aug 2009 75.14 3.25
Sep 2009 75.11 2.86
Oct 2009 74.23 2.71
Nov 2009 73.16 2.69
Dec 2009 70.23 3.12
Jan 2010 64.65 3.40
Feb 2010 66.67 3.33
Mar 2010 65.70 3.62
Apr 2010 62.11 3.82
May 2010 60.74 4.20
Jun 2010 59.38 4.34
Jul 2010 63.49 4.29
Aug 2010 69.66 3.82
Sep 2010 66.39 4.33
Oct 2010 72.25 3.40
Nov 2010 72.25 3.10
Dec 2010 74.74 3.12
Jan 2011 75.29 3.27
Feb 2011 73.84 2.85
Mar 2011 73.54 2.45
Apr 2011 73.04 2.59
May 2011 73.21 2.72
Jun 2011 72.22 2.56
Jul 2011 73.05 2.43
Aug 2011 74.82 2.62
Sep 2011 75.66 2.85
Oct 2011 79.09 2.74
Nov 2011 80.09 2.75
Dec 2011 82.70 2.46
Jan 2012 82.73 2.40
Feb 2012 80.88 2.48
Mar 2012 81.09 2.54
Apr 2012 81.41 2.50
May 2012 81.53 2.29
Jun 2012 80.08 2.55
Jul 2012 78.86 2.60
Aug 2012 78.32 2.74
Sep 2012 77.98 2.81
Oct 2012 72.90 3.04
Nov 2012 71.58 3.27
Dec 2012 72.16 3.22
Jan 2013 70.74 3.32
Feb 2013 66.48 3.53
Mar 2013 65.75 3.53
Apr 2013 66.45 3.79
May 2013 64.71 3.67
Jun 2013 62.75 3.91
Jul 2013 66.47 3.59
Aug 2013 69.66 3.45
Sep 2013 67.98 3.50
Oct 2013 69.70 3.27
Nov 2013 68.02 3.32
Dec 2013 68.47 3.26
Jan 2014 64.13 3.54
Feb 2014 63.29 3.83
Mar 2014 67.03 3.48
Apr 2014 66.49 3.39
May 2014 66.12 3.50
Jun 2014 65.08 3.47
Jul 2014 65.96 3.46
Aug 2014 66.20 3.22
Sep 2014 65.05 3.50
Oct 2014 63.27 3.98
Nov 2014 62.67 3.95
Dec 2014 63.35 3.80
Jan 2015 63.77 4.09
Feb 2015 61.48 4.19
Mar 2015 58.14 3.76
Apr 2015 57.47 3.75
May 2015 59.59 3.53
Jun 2015 56.91 3.68
Jul 2015 56.34 3.40
Aug 2015 57.00 3.50
Sep 2015 58.52 3.71
Oct 2015 59.66 3.70
Nov 2015 61.07 3.99
Dec 2015 64.39 4.17
Jan 2016 62.42 3.97
Feb 2016 64.42 3.75
Mar 2016 64.33 3.82
Apr 2016 61.49 3.69
May 2016 58.33 3.80
Valuation Index - Individual
Date Index Value Standard Error
Oct 1989 73.27 4.40
Oct 1996 51.97 4.43
Apr 1999 31.61 3.73
Oct 1999 34.83 5.05
Apr 2000 27.68 4.23
Oct 2000 55.77 6.89
Apr 2001 59.76 5.42
Jul 2001 56.98 5.34
Aug 2001 58.06 5.12
Sep 2001 57.55 4.80
Oct 2001 60.42 4.99
Nov 2001 60.00 4.78
Dec 2001 61.48 4.41
Jan 2002 62.26 3.84
Feb 2002 58.12 3.57
Mar 2002 58.45 3.33
Apr 2002 57.33 3.30
May 2002 57.21 3.49
Jun 2002 56.57 3.75
Jul 2002 57.69 3.96
Aug 2002 65.04 3.99
Sep 2002 70.99 3.96
Oct 2002 73.05 3.74
Nov 2002 76.30 3.66
Dec 2002 78.23 3.40
Jan 2003 78.92 3.17
Feb 2003 75.93 3.36
Mar 2003 74.86 3.21
Apr 2003 76.28 3.41
May 2003 72.04 3.29
Jun 2003 69.83 3.43
Jul 2003 66.24 3.77
Aug 2003 68.99 3.68
Sep 2003 66.43 3.95
Oct 2003 65.19 3.79
Nov 2003 67.83 3.91
Dec 2003 69.29 3.90
Jan 2004 72.37 3.63
Feb 2004 66.45 3.79
Mar 2004 65.03 3.74
Apr 2004 64.20 3.77
May 2004 60.76 3.88
Jun 2004 59.77 3.72
Jul 2004 59.04 3.82
Aug 2004 64.85 3.72
Sep 2004 65.87 4.22
Oct 2004 65.35 4.22
Nov 2004 63.04 4.11
Dec 2004 64.03 4.07
Jan 2005 61.43 4.11
Feb 2005 60.45 4.22
Mar 2005 61.96 3.80
Apr 2005 61.68 3.76
May 2005 65.63 3.75
Jun 2005 66.88 3.79
Jul 2005 65.63 3.75
Aug 2005 66.25 3.74
Sep 2005 64.79 4.01
Oct 2005 64.03 4.07
Nov 2005 66.15 4.15
Dec 2005 64.93 4.12
Jan 2006 67.46 4.17
Feb 2006 65.38 4.17
Mar 2006 68.31 3.90
Apr 2006 70.97 4.08
May 2006 68.57 4.53
Jun 2006 69.00 4.62
Jul 2006 67.21 4.25
Aug 2006 69.49 4.24
Sep 2006 69.23 4.27
Oct 2006 71.54 3.96
Nov 2006 73.33 3.61
Dec 2006 73.78 3.43
Jan 2007 78.10 3.53
Feb 2007 76.64 3.61
Mar 2007 73.64 3.88
Apr 2007 69.13 3.78
May 2007 67.79 3.83
Jun 2007 66.45 3.83
Jul 2007 65.12 3.25
Aug 2007 64.29 3.11
Sep 2007 65.97 3.07
Oct 2007 63.67 2.73
Nov 2007 61.61 2.65
Dec 2007 61.43 2.55
Jan 2008 59.58 2.51
Feb 2008 61.46 2.44
Mar 2008 62.30 2.32
Apr 2008 63.53 2.61
May 2008 64.62 2.59
Jun 2008 66.67 2.53
Jul 2008 69.97 2.63
Aug 2008 67.91 2.85
Sep 2008 66.36 3.23
Oct 2008 68.54 2.84
Nov 2008 69.92 2.81
Dec 2008 70.56 3.00
Jan 2009 72.93 2.94
Feb 2009 75.56 2.87
Mar 2009 77.25 2.63
Apr 2009 79.35 2.98
May 2009 81.82 3.11
Jun 2009 76.92 3.02
Jul 2009 77.25 3.24
Aug 2009 74.33 3.19
Sep 2009 72.54 3.21
Oct 2009 71.72 2.88
Nov 2009 67.82 2.89
Dec 2009 67.91 3.18
Jan 2010 66.95 3.04
Feb 2010 64.94 3.14
Mar 2010 63.35 3.24
Apr 2010 62.38 3.41
May 2010 65.43 3.47
Jun 2010 65.64 3.40
Jul 2010 63.87 3.48
Aug 2010 67.96 3.25
Sep 2010 67.21 3.47
Oct 2010 67.51 3.34
Nov 2010 68.54 3.18
Dec 2010 67.40 3.48
Jan 2011 68.84 3.94
Feb 2011 67.69 3.35
Mar 2011 66.67 2.97
Apr 2011 63.92 3.01
May 2011 63.44 3.20
Jun 2011 64.75 2.96
Jul 2011 64.58 2.82
Aug 2011 61.75 3.30
Sep 2011 63.87 3.48
Oct 2011 69.27 3.33
Nov 2011 69.11 3.34
Dec 2011 70.09 2.99
Jan 2012 71.26 2.80
Feb 2012 71.48 2.75
Mar 2012 71.53 2.69
Apr 2012 71.69 2.73
May 2012 71.09 2.64
Jun 2012 70.51 2.98
Jul 2012 69.77 3.13
Aug 2012 68.81 3.26
Sep 2012 66.84 3.44
Oct 2012 61.85 3.69
Nov 2012 62.35 3.72
Dec 2012 59.12 3.65
Jan 2013 59.78 3.61
Feb 2013 61.54 3.48
Mar 2013 62.30 3.51
Apr 2013 63.86 3.73
May 2013 60.99 3.62
Jun 2013 61.11 3.46
Jul 2013 58.13 3.46
Aug 2013 59.16 3.56
Sep 2013 55.67 3.49
Oct 2013 55.32 3.24
Nov 2013 52.91 3.34
Dec 2013 51.00 3.53
Jan 2014 50.75 3.54
Feb 2014 46.55 3.78
Mar 2014 47.72 3.56
Apr 2014 48.95 3.63
May 2014 50.82 3.70
Jun 2014 49.00 3.53
Jul 2014 45.99 3.64
Aug 2014 47.55 3.50
Sep 2014 47.16 3.76
Oct 2014 44.74 4.03
Nov 2014 45.76 3.74
Dec 2014 46.02 3.76
Jan 2015 47.13 3.98
Feb 2015 47.31 3.66
Mar 2015 47.85 3.66
Apr 2015 48.22 3.56
May 2015 49.21 3.64
Jun 2015 49.73 3.66
Jul 2015 49.02 3.50
Aug 2015 49.49 3.57
Sep 2015 47.96 3.57
Oct 2015 48.15 3.63
Nov 2015 46.82 3.79
Dec 2015 48.92 4.24
Jan 2016 48.37 4.04
Feb 2016 48.43 3.96
Mar 2016 50.33 4.04
Apr 2016 49.45 3.71
May 2016 50.84 3.74