Is the bull market over? Or rather does the indicator suggest a buying opportunity?
The est. of Market Cap to GNP ratio is at the lowest number since March 2009! The ratio did dip below 60% in August 2013 but went back up. For much of the 1990's and the start of the new millennium the ratio hovered between 20 and 50%.
The est. of Market Cap to GNP ratio is at the lowest number since March 2009! The ratio did dip below 60% in August 2013 but went back up. For much of the 1990's and the start of the new millennium the ratio hovered between 20 and 50%.
Please see my blog of July 9, 2014 for the original note on using TMV/GNP ratio to gauge whether the market is cheap or expensive, and my monthly blogs on this subject.
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