“To be named ‘cheap’, markets had to be trading below their own historic valuation across all three measures. As the map to the left shows, only a handful of stock markets managed to achieve this feat – Greece, China, Hong Kong, India, Japan, Russia and Turkey. In red are the countries that scored badly on all three metrics. America, Sri Lanka, Pakistan and Indonesia are all trading on valuations that are higher than their historic averages across each of the measures. Investors are buying high. The main reason for the lofty valuations is that these stock markets have performed well in recent years. This pulled in other investors and has left these markets substantially overpriced.”
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
Border Patrol ramps up New England checkpoints in 'Constitution-free zone'
Gold flows from Britain to Switzerland surge in first half
Investors are lining up to get into Iran
Regulator Says British Bank Helped Iran Hide Deals
Border Patrol Recorded Joking About Children Sobbing For Their Parents
Homeland Security's Future Home: A Former Mental Hospital
Obama: ‘We don’t have a domestic spying program’
Dish Network Says It Will Accept Bitcoin
Putin offers French actor Gerard Depardieu Russian passport following tax controversy
Britain’s ‘under-trained’ drone pilots create ‘significant risks’
Former Polish president calls for new ‘secular Ten Commandments’
New Zealand signals readiness to join currency wars
Obama administration asks Supreme Court to allow warrantless cellphone searches
France: The new sick man of Europe?
Credit agencies dropping claims that they are 'independent'