Some of the worst performing economies are ripe for investment, and today the best countries to bet on are Greece and Russia, says Meb Faber, CIO at Cambria Investment Management. Faber says ominous headlines often scare away investors, but they have always been bad at market timing. Faber says Shiller CAPE ratios show the cheapest countries perform best, while the most expensive fare much worse. Faber says the US is currently one of the more expensive markets in the world, although he adds that US stocks are not in bubble territory.
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