Are Stock ETFs a Buy with S&P 500 at 1980s Valuations?
August 29, 2011 at 16:13 PM EDT
S&P 500 exchange traded funds rallied nearly 3% on Monday following a report that U.S. stocks haven’t been this cheap since Ronald Reagan was in the White House. The U.S. blue-chip stock index has plummeted 13% over the last five weeks, with the average price-to-earnings ratio down to...