Felix Zulauf: Most European Markets are Good Value…But That Doesn’t Make You Money

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Felix Zulauf – one-half of the nucleus of the Barron’s Roundtable – was tracked down for his mid-year take.  He believes European markets are cheap – but not necessarily good buys… Adjusted for inflation, Italy trades at levels last seen in Mussolini’s era. Greece trades at 1.5 times the Shiller P/E ratio [the market’s current […]

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