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Top broker picks the cheapest ASX stocks to buy today – Motley Fool Australia

Experts warn the ASX 200 is overstretched, but ASX shares may actually turn out be cheap after all as true valuations are being distorted.

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It’s hard to talk about cheap ASX stocks when experts are warning that the market is overstretched and is facing judgement day next month.
But as it turns out, ASX shares may actually be cheap after all, if UBS’ analysis on the true market valuation is on the money.
The pessimists have been beating the warning drums on lofty share prices after the S&P/ASX 200 Index (Index:^AXJO) rallied 33% in four short months.
There’s a growing sense of foreboding. Many are expecting a day of reckoning …

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