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Friday, December 20, 2013
The US Market is relatively Expensive compared to Foreign Markets
My sense is that at the present time, the US market is relatively expensive compared to foreign markets, especially to European markets and to emerging markets. On a cyclically-adjusted P/E [price-to-earnings] basis, it is actually going to return very little over the next seven to 10 years.
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.