I took a look at the CAPE values at year end 2012 to see how those markets were performing in 2013.
The 10 cheapest are up around 1%, and the 10 most expensive are down around 6%.
The five most expensive countries by CAPE at end 2012 are -11% YTD, led by expensive Peru and Columbia.
We sent out the CAPE update to the Idea Farm list the other day, but fair warning, the US is now in the top 3 most expensive out of 40 countries…
