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As I always do as a value investor, I am always perusing different opportunities no matter where the market has taken us. Obviously when the market is overvalued, like it is now (this is my opinion), it is much harder to find bargains. This is where I like to get the old trusty screener out, dust it off and begin to peruse through the low P/E aisle.
Typically I set the P/E ratio at 5 and under and begin my search there. I also like to use some other metrics that take into account the