Stocks are undervalued at current levels, and more and more investors are realizing that, coming...

|By:, SA News Editor

Stocks are undervalued at current levels, and more and more investors are realizing that, coming off the sidelines and back into the stock market, observes Abby Joseph Cohen. Using one particular metric, the S&P 500 is pricing in a 7% decline in corporate profits for each of the next five years. "That’s possible," Cohen says, "but it’s not likely."