The Stock Market Is Overvalued, Caution Is Warranted | Christopher …

Back in 2001, Buffett said in an interview with Fortune Magazine that “the single best measure” of stock market valuation is by taking the total market cap (TMC) and dividing it by the total gross domestic product (GDP). Today, TMC is equal to 114.5% of total GDP.At the market top in 2007, just prior to a -54% crash in stocks, […]