President Obama on March 3, 2009 said "What you're now seeing is profit-and-earning ratios are starting to get to the point where buying stocks is a potentially good deal if you've got a long-term perspective on it," probably meaning price-earnings ratio.Michael Mcauliff: Obama Says Buy Stocks Now: Good Deals There for Long-Term Investors U.S. News & World Report March 4, 2009 Many stocks were trading at low P/E levels despite first quarter strong earnings. On the same day, David Serchuk of Forbes magazine says he feels that the market will turn around when housing prices stabilize and oil prices rise again.David Serchuk: When Will The Bear Market End? Forbes March 6, 2009
