Subject: Re: DCA calculator for the S&P 500
Average S&P 500 price-to-sales ratio 2000-2014 inclusive: 1.39

That period includes two ugly bear markets which skew the average downward. I'd want to know the ratio in a "normal" market.

But to second Mungo's observation about the current exceptional bull market; If Joe Investor had invested his $600K in August 2000 he'd have been left with $350K ten years later. (Yes, I cherry picked the dates :).

Elan