Market Cap to GDP: The Buffett Valuation Indicator
May 1st, 2014 Doug Short
In a recent CNBC interview (April 23rd), Warren Buffett expressed is view that stocks aren’t “too frothy”. However, both the “Buffett Index” and the Wilshire 5000 variant suggest that today’s market is indeed at lofty valuations, now above the housing-bubble peak in 2007. In fact, the more timely of the two (Willshire / GDP) has risen for seven consecutive quarters and is now approaching two standard deviations above its mean — a level exceeded for six quarters during the dot.com bubble.
Source: http://www.advisorperspectives.com/dshort/updates/Market-Cap-to-GDP.php
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