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


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.