BOSTON ( TheStreet) -- U.S. stocks fell for the fourth straight day on Thursday, with the S&P 500 Index down 8.7% so far this year. Investors are concerned about a range of issues, from Europe's burdensome debt to stricter U.S. regulations. As a result, inexpensive stocks are now even cheaper. Expensive stocks are getting more dangerous. Bonds, gold and the dollar have risen in 2010 as investors dumped stocks. The Bank of America Merrill Lynch Global Broad Market Index of bonds climbed 4.2% in the first half of the year, while the precious metal increased 13% to a record. Meanwhile, the dollar jumped 10% against a basket of currencies including the euro, yen and British pound after falling in the same period in 2009. Here are 10 U.S. stocks that trade at massive discounts to the broader equity market and their peer groups. They sell for price-to-projected-earnings ratios of less than 6. By comparison, the S&P 500 sells for 11 times estimated 2011 earnings. The benchmark index trades at a PEG ratio, or a price-to-earnings-to-growth ratio, of 0.8. Many investors consider 1 to be a fair value. The stocks are ordered from cheap to cheapest. 10. Everest Re Group ( RE) is a property and casualty insurer and reinsurer in the U.S. Everest Re swung to a first-quarter loss of $23 million, or 38 cents a share, from a profit of $109 million, or $1.76, a year earlier. Its revenue jumped 28%. The stock pays a dividend yield of 2.7% with a safe payout ratio of 17%. It sells for a price-to-projected-earnings ratio of 5.9, a 47% discount to its peer average.
-- Reported by Jake Lynch in Boston.
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