How about comparing it to the 5-10 highest yielding stocks from the S&P 500?Good point. Asia ex Japan stocks are supposedly cheaper by most metrics than US stocks now, but it would be interesting to prove that. Here's some info on the relative cheapness (especially given its financials) of one of them:http://www.fool.com/News/mft/2004/mft04101314.htm?logvisit=y&source=eptyholnk403200
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