“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:
Obama May Levy Carbon Tax to Cut U.S. Deficit, HSBC Says
Romney says he would replace Fed chief Bernanke
Upcoming European Financial Trading Tax: "All Markets, All Actors, All Products"
Obama administration renews calls that China currency is undervalued
Tax increases scare wealthy French into abandoning Paris, lowering prices
Joe Klein defends the murder of children by drones
Silent Circle's latest app democratizes encryption. Governments won't be happy.
South African labor unrest spreads, gold, construction strikes loom
Up in Smoke
Thousands flood Istanbul’s protest square after police clashes
Ecuador announces plans to launch first two satellites into space
Europe's lost generation: Young, educated and unemployed
US calls Assange 'enemy of state'
Ageing population pushes welfare bill to crisis point
Crisis looms after Tongan passports sold