Despite record, S&P 500 stocks a bargain

06/1/2007 | Bloomberg

Stocks that make up the Standard & Poor's 500 are 45% less expensive relative to historical profits than when the index last peaked, and 30% cheaper than when it fell to a decade low nearly five years ago. The S&P 500 closed at 1,530.23 Wednesday, surpassing a previous high in March 2000.

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