Stocks: Still Too Expensive?

Some investors hope a rebound in corporate earnings next year could boost battered stocks. But deepening recession fears make that unlikely
Traders work on the floor of the New York Stock Exchange (NYSE) Oct. 2, 2008 in New York City Spencer Platt/Getty Images

Falling stocks have one upside for investors: The further stock prices plunge—and U.S. stock indexes are down more than 10% in the past month"the more bargains there are for long-term investors.

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