Thursday, February 14, 2013
Buffett’s Favorite Valuation Metric Surges Over the 100% Level
Thanks to Bill for passing this along.
For the first time since the recovery began, Warren Buffett’s favorite valuation metric has breached the 100% level. That, of course, is the Wilshire 5,000 total market cap index relative to GNP. See the chart below for historical reference.