BNP Paribas at PE = 7
Swisscom, PE = 6
Peugeot, PE = 5.9 (despite showing steady growth)
Even if earnings are falling this year, these stocks look cheap.
On the other hand the US still looks expensive, and if it falls, logically Europe should continue to go down.
Any thoughts? Compared to the above prices, Australia still looks expensive.
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- How much lower can Europe go?
How much lower can Europe go?
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