Thursday, March 14, 2013

Comparisons of global stock markets based on P/E to Earnings Ratio

Which stock markets are cheap based on cyclically adjusted P/E ? Surprise !, most of them are from developing Europe. Also notice that Russia is cheap and that Greece is on fire sale.

Click on the image for larger picture. Source: Barclays Research

Geir Solem

Elliott Wave Technician
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