FYI: It certainly seems like a rotten time to be a bargain hunter in the stock market.
Cheap stocks are tough to find following the market's almost-nonstop rise since the spring of 2009, and indexes covering most corners of the market are close to records. Pick any of the gauges that mutual fund managers use to measure a stock's value -- its price relative to the company's earnings, the amount of cash it generates or its total revenue -- and they're all close to their most expensive in years. Add the preference that investors have shown for high-growth stocks this year, and it has to be frustrating to be a value investor, right?
Regards,
Ted
http://abcnews.go.com/Business/print?id=31870211
