Bill Miller: Stocks are 'stupidly cheap,' bonds...

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Famed investor Bill Miller says stocks are “stupidly cheap” while bonds “ridiculously overpriced.” Miller, whose 35-year run at Legg Mason Inc. has come to an end after he acquired all of the money manager’s interests in LMM LLC, said in an interview on Fox Business Networks “Wall Street Week” he believes the U.S. economy has a positive outlook and he will continue to invest in more cyclical and risky stocks he believes are being undervalued by the market. “I think the outlook for the U.S.…