The U.S. Markets Look Expensive Globally, Should You Worry?

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For recent decades, valuations between major stock markets internationally have tracked each other fairly closely. However, since the 2009 financial crisis that relationship has broken down. The U.S. market now stands at around 30-40x a year of earnings depending on the metric you look at. In contrast the major markets such as Europe and Japan trade at around 20x-25x. I’m using round numbers here to illustrate the point, that the U.S. is now almost twice as expensive as other major developed markets. So what’s going…

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