The most expensive global equity markets

 

The ratio of total market cap to GDP is one of the important measures of market valuation.

A ratio above 100 suggests the local market is overvalued. The above chart (courtesy of gurusfocus.com) lists all the major global equity markets.

This important chart suggests which market may look attractive right now.

George Dagnino, PhD
Editor, The Peter Dag Portfolio
Since 1977
Author, Profiting in Bull and Bear Markets

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