Global Valuation: Thursday, September 16, 2010

Last week, Egypt's EPS yield moved to a position just higher than local interest rates.  Thus, it has now been removed from our red-flagged list.  However, India, Ireland and the Philippines remain on that last with EPS yields below local interest rates.  Below, you can see the conundrum for India and Ireland.

MSCI India

MSCI Ireland

To view the complete report and chartbook, click here.

Justin Wood