Sounds like you're talking about equities with low p/e. What exactly is considered low?Anyway, as to the origional question, I think people have too much in real estate. No balance.
JAG appears to endorse the effecient market view, where the (stock) market is always right, so you can't get bargins in stocks. But the real estate market has ineficiencies, enabling him to buy bargins. Oh well, the debate goes on.
The best bargins in stocks I got were compaines who were growing very rapidly, but the p/e hadn't expanded to match the growth yet. These are available from time to time for those who are looking. Those whose attention is on finding the next door - and there is nothing wrong with that - are not going to find the bargin stock as their attention is not on that task.