The P/E of countries

Here is a list of P/E of various countries, one thing caught my eye is that China has the highest P/E of all, which confirms that the recent run of Chinese ADR stocks is indeed a bubble. We should see a fall of Chinese stocks before 2008.

Hong Kong	17.580
Thailand	10.624
Brazil	10.942
Korea , Rep.	11.415
China	39.397
Indonesia	12.559
Russia	6.344
Italy	17.866
Malaysia	15.165
Singapore	13.776
USA	17.499
Netherlands	11.926
Taiwan	12.827
Japan	31.606
Germany	15.064
UK	18.711
France	14.518
Mexico	13.889
Canada	16.727
South Africa	11.602
Spain	15.043
Portugal	19.700
Switzerland	15.717