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Quarter-End Insights

Our Outlook for the Market

We see the most attractive valuations since 2002.

You know the bad news. House prices are falling. Foreclosures are rising. Icons like  Bear Stearns (BSC) have imploded because of the mortgage crisis.

Now for the good news. If you compare stock prices to underlying business value, stocks are cheaper now than at any time since 2002. 

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