India and Global equity valuations...no point trying to rationalise anymore.

Fundamental Valuation Ratios in International Equity Markets as of 06/30/2016.

Country	Weight	CAPE	PE	PC	PB	PS	DY	RS 26W	RS 52W	Score
Brazil	1.2%	8.5	44.1	6.6	1.4	1.1	3.4%	1.25	1.24	3
United Kingdom	5.8%	13.2	39.5	13.1	1.8	1.2	3.8%	0.99	0.94	34
Poland	0.2%	8.6	37.1	7.6	1.1	0.7	4.2%	0.96	0.91	22
Italy	1.0%	10.1	34.1	4.4	1.0	0.5	3.9%	0.93	0.85	14
Denmark	0.7%	36.6	33.9	12.9	3.0	2.2	2.1%	1.01	1.01	39
EMERGING AMERICA	2.8%	14.0	28.5	8.8	1.7	1.2	2.7%	1.10	1.06
Netherlands	1.1%	17.3	27.5	10.7	1.7	1.1	3.1%	0.99	0.97	30
Switzerland	2.8%	20.5	26.5	13.1	2.4	2.0	3.4%	1.03	0.99	37
Norway	0.4%	11.3	26.2	5.7	1.3	1.1	4.4%	1.07	1.03	7
Portugal	0.1%	10.0	26.0	5.4	1.4	0.6	4.6%	0.97	0.95	13
Mexico	0.7%	22.0	26.0	12.4	2.6	1.5	1.9%	1.02	0.98	38
DEVELOPED EUROPE	22.7%	14.7	25.7	9.1	1.6	1.0	3.5%	0.99	0.95
Belgium	0.8%	20.6	23.5	13.6	2.2	1.8	2.8%	1.04	1.04	36
India	2.6%	18.1	23.2	16.3	2.6	1.7	1.7%	1.08	1.03	32
Philippines	0.5%	23.5	22.6	12.1	2.6	1.9	1.6%	1.15	1.15	29
Australia	2.1%	15.4	22.2	10.4	1.8	1.7	4.7%	1.05	1.06	15
Canada	3.1%	18.4	21.7	7.9	1.8	1.4	3.0%	1.09	1.07	16
Indonesia	0.6%	18.4	21.3	13.1	3.3	2.7	2.3%	1.07	1.13	31
France	3.7%	15.5	20.9	7.2	1.4	0.8	3.5%	0.98	0.95	23
Germany	3.2%	16.0	20.8	7.5	1.6	0.7	2.8%	0.98	0.95	25
Sweden	1.1%	18.1	20.6	12.2	1.9	1.5	3.8%	0.98	0.96	35
Austria	0.2%	11.3	20.4	6.3	0.9	0.6	3.0%	0.98	0.96	11
United States	42.8%	24.7	20.4	11.7	2.8	1.8	2.1%	1.06	1.04	33
DEVELOPED MARKETS	86.5%	20.0	19.9	9.8	1.9	1.3	2.6%	1.03	1.01