ringledman
Registered User
- Messages
- 620
From what I can see and read, the S&P and Dow indexes are seriously overvalued on a long term technical and fundamental viewpoint.
Some commentators say 30% overvalued v the rest of the major markets.
Will a downturn in the S&P drag down the rest of the major indexes???
This bear market is only 10 years old. I worry that we will face another 5-7 years before the bear is shaken out and a new major bull market can start again (historically bears last 15-20 years or so).
On this basis I have very little exposure to the US. What are people's thoughts on the relationship between the US and the rest of the world markets? Will they all move in tandem down?
I see much more value in the UK and Europe on a P/E basis. Likewise Japan on a price to book basis (although Japanese P/E ratio still a bit high).
Can the devloping BRICs move up when the USA moves down?
Does anyone have current price to book ratios for the major markets?
Thoughts? Cheers.
Some commentators say 30% overvalued v the rest of the major markets.
Will a downturn in the S&P drag down the rest of the major indexes???
This bear market is only 10 years old. I worry that we will face another 5-7 years before the bear is shaken out and a new major bull market can start again (historically bears last 15-20 years or so).
On this basis I have very little exposure to the US. What are people's thoughts on the relationship between the US and the rest of the world markets? Will they all move in tandem down?
I see much more value in the UK and Europe on a P/E basis. Likewise Japan on a price to book basis (although Japanese P/E ratio still a bit high).
Can the devloping BRICs move up when the USA moves down?
Does anyone have current price to book ratios for the major markets?
Thoughts? Cheers.