Market Divide (BusinessWeek)

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Market Divide (BusinessWeek)

BusinessWeek - The stock market's surge ended in October. After seven months of gains the Standard & Poor's 500-stock index closed at 1036.18 Oct. 30, down 2% for the month. Investors are left to ponder whether this is a pause or prelude to a deeper dive. In other words: Is the market overvalued or undervalued? As these experts show in their analysis of the market's price-earnings ratio, the answer depends on whether you're looking back or looking ahead.

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