The graham dodd ratio chart below is very interesting. If you have a look at this graham dodd ratio chart you can see the world indexes all overlapped on top of each other, depicting the ratios or which index is the most fair valued.
Australian shares are valued higher than Europe and the emerging markets but below the US. So in laymen's terms, most of these indexes right now sure do look overvalued some what, however the EUROPEAN market looks to be the most underrated of all of them.
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| graham dodd ratio chart |
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