FYI: The CHART OF THE DAY illustrates how Emerging-market stocks are becoming cheap enough relative to U.S. shares.
Jack Ablin, chief investment officer at BMO Private Bank compared the price-to-sales ratios for the MSCI Emerging Markets Index, which tracks shares of companies in 23 developing countries, and the Standard & Poor’s 500 Index. The top panel, which resembles a chart he cited in a report last week, shows both ratios since 2001 on a monthly basis.
Regards,
Ted
http://www.ritholtz.com/blog/2015/02/emerging-market-stocks-cheap/print/