“Emerging markets are absolute bargains by just about any yardstick. At the end of the third quarter, the MSCI Emerging Markets Index was trading at just 10 times earnings over the next 12 months (the price-to-earnings ratio). For global stocks, it was 13.4, and for the S&P 500 it was nearly 15. The average price-to-book ratio for emerging market stocks is under 1.5 today, compared with 2.5 for U.S. stocks. Historically, when emerging markets were that cheap over 10 years, stocks delivered average total returns of more than 50 percent over the next 12 months. For true contrarians, buying opportunities just don’t get any better than this.”
http://www.moneyandmarkets.com/triple-digit-gains-are-on-tap-for-this-investment-history-shows-56565
Related posts:
Gold imports jump 102% in Pakistan; ban imposed
Finally, Some Good News about FATCA
Is America now the largest and most secret tax haven?
NYC Comptroller: Legalize and Tax Marijuana
US Plots Conquest of Venezuela in Wake of Chavez' Death
Florida Lt. Gov. Jennifer Carroll resigns over Internet gambling scandal
Canadians Panic As Food Prices Soar On Collapsing Currency
British Politicians Declare War on Knives
Detained By CBP, Passwords Demanded, Digital Devices Confiscated
Americans Are Voting with Their Feet for Economic Freedom
Good Timing! Financial Times Affirms the Canadian Real-Estate Bust
With New Initiative ‘Galactic,’ PayPal Wants To Own Payments And Commerce In Space
New Zealand Plans Cyprus-Style Bank Confiscations
Chilean Nightclub to Pioneer Bitcoin in Latin America
Does the Fourth Amendment Exist Any More?