Date updated:01-19-2008
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.

-
M
Macy's Inc - $11.69
- +0.26%
- $11.69
Wall Street could get some help from Washington. Congress and President Bush are rushing to produce an economic stimulus package that could total $150 billion, including tax rebates that may put cash into consumer pockets this spring. That could help beleaguered retailers like Macy's (M), J.C. Penney (JCP) and Sears Holdings (SHLD).

-
JCP
Penney J C Co Hol - $22.50
- +4.55%
- $21.79
Wall Street could get some help from Washington. Congress and President Bush are rushing to produce an economic stimulus package that could total $150 billion, including tax rebates that may put cash into consumer pockets this spring. That could help beleaguered retailers like Macy's (M), J.C. Penney (JCP) and Sears Holdings (SHLD).

-
SHLD
Sears Holdings Co - $42.54
- +2.95%
- $41.77
Wall Street could get some help from Washington. Congress and President Bush are rushing to produce an economic stimulus package that could total $150 billion, including tax rebates that may put cash into consumer pockets this spring. That could help beleaguered retailers like Macy's (M), J.C. Penney (JCP) and Sears Holdings (SHLD).

-
CB
Chubb Cp The - $48.86
- -2.42%
- $48.42
There were more than 50 stocks last week within the S&P 500 trading below 10 times forward earnings, including insurers Chubb (CB) andAllstate (ALL), oil refiners Tesoro (TSO) andSunoco (SUN), retailers J.C. Penney and Macy's, and many major securities firms, including Lehman Brothers (LEH) and Morgan Stanley (MS).

-
ALL
Allstate Cp - $31.94
- -1.93%
- $31.93
There were more than 50 stocks last week within the S&P 500 trading below 10 times forward earnings, including insurers Chubb (CB) andAllstate (ALL), oil refiners Tesoro (TSO) andSunoco (SUN), retailers J.C. Penney and Macy's, and many major securities firms, including Lehman Brothers (LEH) and Morgan Stanley (MS).

-
TSO
Tesoro Corp - $14.70
- +2.30%
- $14.64
There were more than 50 stocks last week within the S&P 500 trading below 10 times forward earnings, including insurers Chubb (CB) andAllstate (ALL), oil refiners Tesoro (TSO) andSunoco (SUN), retailers J.C. Penney and Macy's, and many major securities firms, including Lehman Brothers (LEH) and Morgan Stanley (MS).

-
SUN
Sunoco Inc - $44.14
- -2.00%
- $45.67
There were more than 50 stocks last week within the S&P 500 trading below 10 times forward earnings, including insurers Chubb (CB) andAllstate (ALL), oil refiners Tesoro (TSO) andSunoco (SUN), retailers J.C. Penney and Macy's, and many major securities firms, including Lehman Brothers (LEH) and Morgan Stanley (MS).

-
LEH
Leh - $0.00
- N/A
- $N/A
There were more than 50 stocks last week within the S&P 500 trading below 10 times forward earnings, including insurers Chubb (CB) andAllstate (ALL), oil refiners Tesoro (TSO) andSunoco (SUN), retailers J.C. Penney and Macy's, and many major securities firms, including Lehman Brothers (LEH) and Morgan Stanley (MS).
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