ASIA

For those of you who think Asia is going to crash, check out this chart coming from the foundation for the study of cycle.

According to them opportunity are going to be found in Asia for the next 483 years!
In the same time, the current P/E ratio of the Shanghai Composite is 52.56, not cheap by any means.
But 50+ P/Es are not new for the index.
As shown below, it reached these levels back in 1999 and 2000 and stayed relatively high until the end of 2003.
Hindsight shows that things got ridiculously cheap back in 2004 and 2005 compared to earlier levels.