If america looked cheap the stock market would be at 1990 levels, the S&P 500 would be at 300. In Japan (Nikkei 225) we are at 1981 levels,in Taiwan and Korea we are at 1987 levels and I assure you that they have as much intellect per capita as in the United States.
These markets if I compare them to the US are very inexpensive and by the way this year Korea, Taiwan and Thailand haven`t really gone down, in some cases they actually rallied a bit, like 1 or 2%.
These markets are relatively attractive.
