Investors assuming now is the time to pick up a bargain by buying British shares could be in for a shock as figures show the market is more expensive than its average over the past 14 years.
A tried and tested way of making money is buying stocks where the share price is trading below its average and waiting for rebound. But investors often confuse this strategy with buying investments that have recently fallen in value. This illusion of cheapness has cost many investor a pretty penny over time.
Markets around the world have performed differently from one another this