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. “