Value Pros are buying

WSJ has an article in the Money and Investing section of this morning's paper on how many of the old pro managers of value mutual funds are seeing bargains in the market and buying. Cash levels have been brought down.

As I have written before, the P/Es of the major indexes keep coming down, the estimated P/Es are extraordinarily low and the analysts' estimated earnings keep proving to be too pessimistic each earnings season. Good time to invest (especially for long term investors).