There is a lot of chatter about how cheap stocks are based on a historical PE ratio or on 2011 forecasted earnings. You be the judged based on purely historical data from 1960 through 2010. Earnings Yield: 2010 6.65% versus historical average 6.9% Dividend Yield: 2010 1.84% versus historical average 3.15% PE Ratio: 2010 15 [...]
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