Based on the forward price-earnings ratio, the S&P 500 is one of the most expensive markets in the world.
Click on the image for larger picture. Source: Bloomberg, Morgan Stanley Research.
However, the Chinese stock market is one of the most affordable in the world.
Geir Solem
Elliott Wave Technician
Copyright (C) all rights reserved
Click on the image for larger picture. Source: Bloomberg, Morgan Stanley Research.
However, the Chinese stock market is one of the most affordable in the world.
Geir Solem
Elliott Wave Technician
Copyright (C) all rights reserved
