Spare a thought for the analysts, bankers and fund managers who make a dwelling from European shares. In case your wage is determined by speaking up the stockmarkets of the continent that invented them, you may have realized to stay with disappointment. For a lot of the previous twenty years, you may have identified that European shares have been cheaper, relative to earnings, than American shares. You can have fairly argued that this portended higher funding returns and fewer threat of crashes. And for all that point you’d have been totally, gloriously incorrect.
