How Cheap Are Stocks? By One Measure They're Cheaper Than They Have Been Since 1985

11/10/2008 05:12 am ET | Updated May 25, 2011
  • NY Times

How cheap are stocks?

By one important measure, they're cheaper than they have been since 1985. They're 20 percent less expensive than they have been, on average, over the past 100 years. And yet they still may have a ways to fall.

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