This year, investors had become accustomed to a "one-way" market; through May 17, the S&P 500 (SNPINDEX: ^GSPC ) was up a very respectable 14% year to date, and the Dow Jones Industrial Average (DJINDICES: ^DJI ) performed even better, with a gain of 14.5%. Since then, consistently rising stock prices have been replaced with a more volatile environment. A greater frequency of losing days has emboldened market bears, who think the rally we've witnessed can only be followed by a nasty comeuppance. Are stocks overvalued and destined for a fall? In the following video, Motley Fool contributor Alex Dumortier explains why one bearish argument simply doesn't add up.
If you're an investor who prefers returns to rhetoric, you'll want to read The Motley Fool's new free report, "5 Dividend Myths ... Busted!" In it, you'll learn which stocks provide premium growth, and whether bigger dividends are better. Click here to keep reading.