Fear goes missing in U.S. equity options, just like 2000

Warren Buffett said this metric signaled the 2001 crash — now it’s sounding the alarm on global markets

​

“Known in investing circles as the “Buffett Indicator,” the measure is simply the total market cap of all U.S. stocks relative to the country’s GDP. When it’s in the 70% to 80% range, it’s time to throw cash at the market. When it moves above 100%, it’s time to lean toward risk-off. “