Mr. Faber. whom I respect very much, just put out the global CAPE ratio to compare valuations across international stock markets.

cape_feb2016

I’ve been wrong on all Eurozone ETF’s since mid 2014 and only since last month have they started to outperfom.

Again, I am following the value investing approach. Greece, Brazil, Portugal, Austria, Italy, Egypt are all ranked in the top 10 global bargains.

Peru, is a bit of surprise to me, but this needs some investigation.

Advertisements