Mr. Bailey said he might take that approach, investing a set sum every month, so that he felt better if the market went into a protracted decline. “It might feel like I’m getting some bargains that way,” he said.Are these prices really bargains?Brian deWit of Memphis said he had been through major market declines before and viewed them as opportunities.In a note, he wrote: “Don’t you just love a sale!?”We chatted about whether stocks were really on sale. Yes, prices are much cheaper compared with several months ago. In that sense they are bargains, I said. But based on standard long-term metrics — comparisons of share prices to corporate earnings or to the value of the assets owned by companies — stocks still aren’t all t …
