“In 2000, the ratio of market cap to GDP for the Wilshire 5000 (a good proxy for the US stock market) reached 153%. This didn’t stop investors pouring money into US stocks… which went on to deliver a negative total return over the next 10 years. Fast-forward to today, and the ratio of market cap to GDP for the Wilshire 5000 stands at 125%. That’s not as high as at the peak of the dot-com bubble. But it’s higher than at the 2007 peak of the recent credit bubble. And it’s more than two standard deviations above the average – a measure legendary contrarian fund manager Jeremy Grantham uses to pinpoint a bubble.”
http://bonnerandpartners.com/hidden-bear-market-brewing/
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
Paypal freezes $45,000 of Mailpile’s crowdfunded dollars
State Weighs Moving Inmates to Private Prisons, Or Buying a Prison
After You Read This Kid’s Story, You’ll Think Twice About What You Post On Facebook.
The routing security battles intensify
How California Law Put a Hot Payments Innovator on Ice
In One Month, Everyone In Iceland Will Own Cryptocurrency
Leaked Debate Agreement Shows Both Obama and Romney are Sniveling Cowards
Appeals court reverses course and says poker is gambling, not game of skill
Upside-Down Economic Reporting: Higher Oil Prices Are Good.
A History of Gold Confiscation
TigerDirect processes $500,000 in Bitcoin Payments in 3 days
Google stands up for Gmail users, requires cops to get a warrant
Detroit’s Anarcho-Progressive Homesteaded Community
Open Borders: Trade, Migration, Entrepreneurship, And Prosperity
Hong Kong 2012 net gold flow to China hit record high