America's stock market has gone on a tear since COVID-19 shuffled the board back in March. From the pandemic nadir to Friday's close, the S&P 500 has soared an astounding 50%, and the tech-heavy Nasdaq is up more than 60%.
For investors who bought at the bottom back in March, this is great news. For investors looking for a place to invest new money, on the other hand, it poses something of a conundrum: With the S&P 500 now trading at a nosebleed P/E ratio of 28.8, do you "buy at the top" and risk overpaying, or do you sit out the rally and potentially watch the train (continue) to leave the station -- and leave you behind?
What would you say if I told you that you don't necessarily have to choose between either of those unattractive options? If you're willing to look just a little beyond U.S. borders, you can still find bargains galore in international stocks such as Banco Bradesco (NYSE: BBD), Banco BBVA Argentina (NYSE: BBAR), and Turkcell (NYSE: TKC).
Source Fool.com