CAPE Valuation Bollinger Bands

I was trying to do everything to avoid going to the gym last nite so I put together this chart.  25% cheapest, 25% most expensive, and average of all countries and their CAPE valuations.  2nd chart includes the US.  It’s almost like a valuation Bollinger Band that could be used to adjust your domestic vs. global stock weightings.

Look at the only times the US has been at or near the bottom 25% – the early 80s (start of greatest bull in US) and perhaps 2009.  Now?  Above the highest 25%!

Right now, your allocation would be very heavy globally in markets that are broadly very cheap.

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