{"id":43775,"date":"2013-11-05T05:34:48","date_gmt":"2013-11-05T10:34:48","guid":{"rendered":"http:\/\/countingpips.com\/forex-news\/?p=43775"},"modified":"2013-11-05T05:34:48","modified_gmt":"2013-11-05T10:34:48","slug":"the-seven-cheapest-stock-markets-in-the-world","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex-news\/2013\/11\/05\/the-seven-cheapest-stock-markets-in-the-world\/","title":{"rendered":"The Seven Cheapest Stock Markets in the World"},"content":{"rendered":"

By WallStreetDaily.com<\/u><\/a> <\/p>\n

Let the great debate over whether or not the U.S. stock market is getting frothy begin!<\/p>\n

Speaking at a recent conference in Chicago, longtime bull and BlackRock<\/b> (BLK<\/a>) CEO, Larry Fink, believes that we\u2019re seeing \u201creal bubble-like markets again.\u201d<\/p>\n

Meanwhile, Morgan Stanley\u2019s<\/b> (MS<\/a>) CEO, James Gorman, disagrees. He recently told Bloomberg<\/i> that the S&P 500 Index is \u201cfrankly not bubble-like relative to the year 2000, 2005, 1995 and so on.\u201d<\/p>\n

So who\u2019s right? Don’t waste your time trying to figure it out. Seriously, it doesn\u2019t matter.<\/p>\n

Here\u2019s why – and, of course, what you should be focusing on instead\u2026<\/p>\n

Market Timing is for Fools<\/b><\/p>\n

Even if we determine conclusively that U.S. stocks are utterly expensive, it doesn\u2019t matter. Prices could continue to rise even higher – for a lot <\/i>longer.<\/p>\n

Or as John Maynard Keynes famously said, \u201cThe market can stay irrational longer than you can stay solvent.\u201d<\/p>\n

Given the Fed\u2019s non-stop money printing, such a scenario is not only possible, it\u2019s highly likely.<\/p>\n

Add it all up, and there\u2019s no reason to bother trying to predict the exact market top. It\u2019s truly a waste of energy. (As long as you\u2019re using trailing stops, that is. They protect our downside and make sure we keep profiting for however long the market ticks higher.)<\/p>\n

What should we be doing, then?<\/p>\n

Simple. Finding new opportunities that are undeniably cheap.<\/p>\n

After all, Warren Buffett\u2019s number one rule of investing is to \u201cnever lose money.\u201d Naturally, the easiest way to adhere to his rule is to invest with a margin of safety – or buy assets on the cheap that can only go up in price over the long haul.<\/p>\n

We\u2019ve used this strategy twice in the last year, when stocks in Japan and Europe were trading at undeniable bargains. Fast forward to today, and shares in both countries are up by solid double-digit margins.<\/p>\n

So where can we employ such a strategy today?<\/p>\n

Warren Buffett\u2019s Next Target<\/b> <\/a><\/p>\n

Well, it just so happens that seven<\/i> similarly cheap, low-risk\/high-reward opportunities exist in the market right now.<\/p>\n

More specifically, stocks in Russia, Hungary, Poland, the Czech Republic, China, Taiwan and Turkey are among the cheapest in the world, according to BCA Research.<\/p>\n

Take a look\u2026<\/p>\n

\"\"<\/p>\n

Mind you, the firm\u2019s analysis isn\u2019t based on a single valuation criterion. To the contrary, it took five metrics into account, including trailing and forward price-to-earnings ratios, price-to-book ratios and dividend yield.<\/p>\n

Naturally, the cheaper the market, the more attractive the long-term opportunity, which means Russia and Poland should stand at the top of our emerging markets<\/a> \u201cBuy\u201d list.<\/p>\n

Bottom line: Instead of arguing about whether or not shares in the United States are expensive, spend your time finding cheap stocks in the seven countries listed above.<\/p>\n

I wouldn\u2019t be surprised to find out that Warren Buffett – and the almost $40 billion in cash sitting in the bank at Berkshire Hathaway<\/b> (BRK.A<\/a>) – is targeting opportunities in these countries, too.<\/p>\n

Now, if you don’t have the time to conduct your own due diligence on individual opportunities, don’t fret.<\/p>\n

Exchange-traded funds (ETFs) like the Market Vectors Russia Fund <\/b>(RSX<\/a>), the iShares MSCI Poland Capped Fund <\/b>(EPOL<\/a>) and the iShares China Large-Cap Fund <\/b>(FXI<\/a>) represent compelling options to gain quick exposure to these markets.<\/p>\n

But don’t delay. The bargains never last long, and all three ETFs have already started to make a move higher in the last three months.<\/p>\n

Ahead of the tape,<\/p>\n

Louis Basenese<\/p>\n

The post The Seven Cheapest Stock Markets in the World<\/a> appeared first on Wall Street Daily<\/a>.<\/p>\n

Article By WallStreetDaily.com<\/u><\/a><\/p>\n

Original Article: The Seven Cheapest Stock Markets in the World<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

By WallStreetDaily.com Let the great debate over whether or not the U.S. stock market is getting frothy begin! Speaking at a recent conference in Chicago, longtime bull and BlackRock (BLK) CEO, Larry Fink, believes that we\u2019re seeing \u201creal bubble-like markets again.\u201d Meanwhile, Morgan Stanley\u2019s (MS) CEO, James Gorman, disagrees. He recently told Bloomberg that the … <\/p>\n

Continue reading “The Seven Cheapest Stock Markets in the World”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-43775","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/43775","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/comments?post=43775"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/43775\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/media?parent=43775"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/categories?post=43775"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/tags?post=43775"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}