LR European

Asia Will Lead the Developed Markets Over the Next Few Years

"many Asian markets remain cheap. For example, the Singapore Straits Times Index and the Hong Kong Hang Seng Index are at levels close to their levels in the early 1990’s, before the Asian financial crisis."

Were Asian markets cheap before the crisis? (Were US housing stocks cheap before the subprime crisis?)

A shame you don't give numbers for these levels. Valuations at pre crisis levels suggests either fair or expensive, not cheap. Actually, my assumption before reading the article was that Asia was cheap - you make me less sure.

As for the rest of the article.... excellent points, clearly conveyed. Thank you.