Is the Stock Market Overvalued?

Jeez, how should I know? Do I look like a billionaire to you?

But Warren Buffett is a billionaire and his favorite metric is the Buffett Indicator, which shows total stock market capitalization as a percent of GDP. The chart below is a modified version that uses total corporate equities plus liabilities rather than market cap, but it’s nearly identical to Buffett’s version:

I dunno, looks kinda high to me. But maybe this time is different?

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BEFORE YOU CLICK AWAY!

“Lying.” “Disgusting.” “Scum.” “Slime.” “Corrupt.” “Enemy of the people.” Donald Trump has always made clear what he thinks of journalists. And it’s plain now that his administration intends to do everything it can to stop journalists from reporting things they don’t like—which is most things that are true.

No one gets to tell Mother Jones what to publish or not publish, because no one owns our fiercely independent newsroom. But that also means we need to directly raise the resources it takes to keep our journalism alive. There’s only one way for that to happen, and it’s readers like you stepping up. Please help with a donation today if you can—even a few bucks will make a real difference. A monthly gift would be incredible.

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