European Equities Cheap Relative To US, Long-Term CAPE
Most analysts are bullish on equities for 2014, but there is still the question of which markets are best positioned to benefit from the recovering economy. US equities have probably had as much re-rating driven growth as they can stand this year, and European stocks may be relatively cheap even if they no longer have the low multiples that have characterized them for the last few years.
“Not so long ago, there was a strong and consistent value case that could be made for equities. UK and . . .
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