According to both this 85-year chart and famed investor Warren Buffet, it just might be. The point of the chart is that there should be a rational relationship between the total market value of U.S. stocks and the output of the U.S. economy - its GNP

Extracted from Wikipedia:
Gross National Product is defined as the "value of all (final) goods and services produced in a country in one year, plus income earned by its citizens abroad, minus income earned by foreigners in the country". The key difference between the two is that GDP is the total output of a region, eg. United States, and GNP is the total output of all nationals of a region, eg. Americans.

Read more at Buffet's metric says it's time to buy.

So Buffet is buying, what about you?


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