Rod Smyth is the Chief Investment Strategist at RiverFront Investment Group, a participant in the ETF Strategist Channel.

[1] http://www.wsj.com/articles/cash-keeps-pouring-out-of-european-stocks-1472673420

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RiverFront’s Price Matters® discipline compares inflation-adjusted current prices relative to their long-term trend to help identify extremes in valuation. 

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