Bill Bonner: Everyone HATES this ultra-cheap market

Bill-Bonner2

“What do you do when when US stock valuations are so high?  Well, you need to find markets that aren’t so pricey. Such as the Russian stock market!  There, the trailing P/E is under 6.  You’re thinking: ‘Hmm… Russian stocks are treacherous. Everybody says so. And with the war in Ukraine and the sanctions regime, they could go much lower.’ But we don’t presume to know – neither what is really going on now… nor what it will mean for the future. Neither in Russia nor in the US.  All we know is that our calculations tell us you get more value per dollar in Russia. And our ‘moral’ rule tells us that you don’t make money speculating on the future, but by buying wisely in the present.”

http://bonnerandpartners.com/everyone-hates-ultra-cheap-market/

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