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Barron's Stocks That Represent A Huge Buying Opportunity
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The good news is that barring a deep recession or financial catastrophe, stocks could be approaching a huge buying opportunity. With the Standard & Poor's 500 index down 9.8% this year, to 1325, the index now trades for little more than 13 times projected 2008 operating earnings. That's one of the lowest price/earnings ratios in the past decade. At the market low in 2002, the S&P traded at 15 times forward earnings.
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