Are Stock ETFs Still Cheap After Rally?

The S&P 500 index, referred to as the market barometer, is above 1400 to its highest level since May 2008. The index is closely watched and SPDR S&P 500 (NYSEArca: SPY) is the largest ETF by assets. Some analysts make the case that the S&P 500 is still undervalued despite the rally in...
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