Many stocks now will not look as expensive as they might have.

At that price, the stock looks like a bargain to some analysts.

The stock now looks reasonable, but the warrants may take longer to prove their worth.

This is what your stock standard summer high pressure weather pattern looks like.

A year ago, most stocks looked expensive by traditional valuation measures.

And by comparison, the stock may look very expensive, analysts warned.

Given the risks in the near term, however, he said the stock looked expensive.

Now, that same stock looks like it will be worth only $10 million.

But upon closer examination, he said, the stock did not look like a bargain, "and we just passed."

That is not because the stocks suddenly look less interesting.