“A preference for relatively cheap and out-of-fashion Chinese and Russian stocks over relatively expensive and in vogue US stocks makes perfect sense. After all, on a trailing P/E of 6.9, each dollar of reported 12-month earnings in China will cost you $6.90. And on a trailing P/E of 5.6, each dollar of reported 12-month earnings in Russia will cost you $5.60. Compare that to the US. On a trailing P/E of 20 for the MSCI USA Index, each dollar of reported 12-month earnings in the US will cost you $20. Of course, the US stock market is rising. This makes it easier for an investor to buy US stocks over Chinese or Russian stocks… because he has the comfort of doing so alongside the crowd.”
http://bonnerandpartners.com/theres-thing-bad-investment/
Tip Freedomwat.ch Staff with Bitcoin