Maybe there are other markets with better expected returns. Maybe international (1 Euro = $1.07 today), or small cap.
…
The UK main index, the FTSE 100 pays about 4% divi, and has held up fairly well in the recent drops…
European banks, as a general rule, are not very good businesses.
But the big ones aren’t likely to go bust, and some of them do make money year in and year out.
Santander, Unicredit, Standard Chartered and Barclays are all trading at a P/E under 5 recently.
And at these levels, the dividend yields aren’t too shabby either.
I believe all four trade in the US, one way or another.
Jim