Where the heck can you find investing VALUE in this world today?

In the U.S., the famous Dow Jones stock index is above 15,000 – hitting new all-time highs. And in Japan, stocks are up 67% in the last six months. (Yes, that is 67% in six months.)

Everyone is worried stocks have run up too far, too fast… and that you can’t find decent value anywhere. So where is the value?

[ad#Google Adsense 336×280-IA]My friend, you have come to the right person… I’ve made a name for myself in this business by finding value in all kinds of ideas OUTSIDE of the stock market, all over the globe.

I have bought some crazy ideas in some crazy places on the planet.

But you don’t need to do that today.

The best value on the planet is right here in PLAIN SIGHT.

More important, it’s easy to buy. Let me spell it out for you…

The BIGGEST STOCKS on the planet are still RIDICULOUSLY cheap… They are the best investment value today.

Pick your big continent. Pick your big country. Pick your big stock. Most likely, it’s dirt-cheap!

Take IBM, for example. It’s one of the world’s top technology companies. And its shares make up the biggest percentage of the Dow index. IBM is cheap. In Europe, some of the biggest stocks include Germany’s Siemens, Bayer (aspirin), Daimler (Mercedes), and Deutsche Bank. As a group, they’re cheap.

The table below tells the story… It shows how cheap big stocks are in the world’s biggest stock markets:

Take a look at the far right column. As a frame of reference… the average and median price-to-earnings (P/E) ratios for U.S. stocks have been around 18 over the last 50 years (according to data from Yale professor Robert Shiller). Historically, Japan has been more expensive than the U.S… and emerging markets have been cheaper.

The average of the numbers in the table above is 11 – a massive difference compared to history. For stocks to go from a P/E of 12 to a P/E of 18 (to keep the math easy), they would have to soar 50%.

(I realize that I am comparing “forward” P/E ratios with the history of current P/E ratios, which isn’t quite fair. A forward P/E ratio is based on Wall Street estimates of corporate earnings for next year. But we’re buying based on our best guess of the next year – and the numbers are amazingly good.)

In my True Wealth newsletter, we’ve been BUYING BIG STOCKS around the globe – from the U.S. to Germany to Japan… and we’ve been buying for a while. You know what? We will continue to do so.

They’re ridiculously cheap. They’re in a rip-roaring bull market. And with governments “goosing” their economies, you ain’t seen nothin’ yet.

The investment value is right under your nose… It’s in BIG STOCKS.

Don’t chicken out… Take advantage of it!

Good investing,

Steve

[ad#stansberry-ps]

Source: DailyWealth