Iff you're hesitant to make stock purchases at these levels, you're not alone.
Last week I updated the Warren Buffett yardstick, market cap-to-GNP. The only time it was ever higher than it is today was for a few months at the top of the dotcom mania.
However, when you look under the surface of the market-cap-weighted indexes at median valuations they are currently far more extreme than they were back then. As my friend John Hussman puts it, this is now “the most broadly overvalued moment in market history.”
Nothing to see here. Move along pic.twitter.com/ELZojkcElM— Eric Pomboy (@epomboy) March 3, 2017
Another way to look at stock prices is in relation