Buffett Indicator: The percent of total market cap relative to GNP

What returns can we expect from the stock market?As of today, the Total Market Index is at $ 48725.6 billion, which is about 176.5% of the last reported GDP. The US stock market is positioned for an average annualized return of 1%, estimated from the historical valuations of the stock market. This includes the returns from the dividends, currently yielding at 1.4%. As pointed by Warren Buffett, th

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Warren Buffettが「株式市場がどの程度評価されているのかを測るのに最も単純な指標」として紹介した指標