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Bank of American and several cheap stocks to buy as Market Hits new heights



The US stock market has tripled in price over a decade. Still, deeply discounted stocks abound.

Consider: The broad S & P 500 index traded recently at 16.7 times forecast earnings for the next four quarters, up from 15.5 times earnings five years ago. Nevertheless, at the end of June, 67 of the index's merged companies had price / earnings ratios below 10, more than three times as many as five years ago.

In …


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