The Daily Telegraph has a nice descriptive chart of what is rich and cheap around the world. The ranking is based a three simple criteria: the price to earnings (P/E), Shiller cyclically adjusted price to equity (CAPE), the price to book (P/B). The color coding is based on the current values relative to historical numbers. The three set of numbers suggest that investors should stay out of the US and move to other parts of the world especially Europe, China, and India.
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