Its late so I stole this off Twitter/X (easier hehehe) but something worth paying attention to:
"Buffett Indicator:
Market Cap to GDP is at record levels at 199.79. It takes the total value of all stocks (market cap) divided by GDP. A reading greater than 100 implies the market is overvalued. Currently it is nearly 200, the highest in history, implying a bubble"
P.S. I assume this is correct or very close to is a reliable poster. Good luck all.
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Last
8,580.1 |
Change
-9.100(0.11%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,589.2 | 8,619.8 | 8,568.2 |
| XJO (ASX) Chart |