Are US Stocks Cheap? – Barron’s

Jan 4th, 2014 Stocks.

Are US Stocks Cheap?
If not, stocks are likely too expensive. Based on a 10-year average of earnings, meant to smooth for swings in margins, U.S. stocks go for over 25 times trailing earnings, versus an average since 1935 of under 18 times, according to data compiled by ...

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