by Gary Gordon | Jan 4, 2020
There have only been three times in U.S. history when stock valuations bounced three standard deviations off the lows. The 1920s, the 1990s and the 2010s. The 1920s ended with the 1929 stock crash and a four-year bear that eviscerated 90% of wealth. 90% losses....
by Gary Gordon | Jan 2, 2020
Warren Buffett is mindful of the stock market’s extreme overvaluation. His holding company, Berkshire Hathaway (BRK.B) has a cash position that is 55% of the value of his portfolio holdings. That’s roughly $128 billion of $233 billion at last count. He hasn’t held...
by Gary Gordon | Jan 1, 2020
Warren Buffett once described market-cap-to-GDP as “…probably the best single measure of where valuations stand at any given moment.” The Wilshire 5000 total stock market capitalization relative to gross domestic product (GDP) is HIGHER in January of 2020 than it was...
