The Green Line

December 14, 2015

Nice overview from Vanguard on the outlook for 2016.  Though it is always worth questioning what you read and what you see when people want to convey a message.  If I saw the below chart, I would say the green line is lower than the blue and purple ones, and the lowest it has been since 2009, 2003, and 1998.

Then again, I think emerging market stocks are cheap, so I read what I want from the green line. But they interpret the chart as not yet cheap…

Graph then link:—-

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