Stocks are cheap right now (I, II). oh really? "The cheapness argument falls on its face once we...

|By:, SA News Editor

Stocks are cheap right now (I, II)... oh really? "The cheapness argument falls on its face once we realize that pretax profit margins are hovering close to an all-time high of 13.3%, almost 58% above their average of 8.4% since 1980," Vitaliy Katsenelson writes. When the Fed stops easing this June, then "we will see what kind of legs the economy and stock market really have."