Are U.S. Stock ETFs Cheap?
October 14, 2011 at 14:22 PM EDT
Bullish investors argue that the summer sell-off in equities has knocked stock valuations down to such a degree that exchange traded funds are cheap and safe to buy. The price-to-earnings ratio for the S&P 500 has dropped to a level not seen since 1990, according to Chart of the Day. However,...