spin_dry Posted April 21, 2020 Share Posted April 21, 2020 The Dow Jones Industrial Average led the stock market lower for a second straight day. At roughly 15% below all-time highs, the U.S. stock market is still wildly overvalued. Warren Buffett’s favorite valuation indicator is still near dot-com bubble highs. The U.S. stock market is still wildly overvalued, according to Warren Buffett’s favorite indicator. After a strong relief rally, which saw the Dow Jones Industrial Average (DJIA) bounce 30% off March’s bottom, some analysts warn we’re due another reversal. The so-called Buffett indicator is often used to identify frothy market conditions. It remains near record highs and only 5 points below the dot-com bubble peak in 2001, indicating that equity valuations are still over-valued. Quote Link to comment Share on other sites More sharing options...
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