The Ratio of the Market Capitalization or the entire stock market to GDP tells us that publicly traded companies are valued at 43.6% more than the value of all goods and services in the US.
— M/I_Investments (@MI_Investments) June 3, 2020
Just to put things into perspective. US stocks very expensive after the recent rally. S&P 500 12 month forward multiple now at 22, S&P 500 24 month multiple at 24, highest since the dot-com bubble at the turn of the century. (via DB) pic.twitter.com/WtlO443Hiy
— Holger Zschaepitz (@Schuldensuehner) June 3, 2020
— John P. Hussman (@hussmanjp) June 2, 2020
— David Ingles (@DavidInglesTV) June 2, 2020
It is remarkable that in retrospect everyone agrees that there was a tech bubble and then a housing bubble but looking at multiple valuation metrics/charts no one today sees a problem.
Does no one in finance apply the scientific method of research and analysis?
— Jack Scott (@JackPScott) June 2, 2020