But every bullish step forward pushes the market closer to a correction, if not a full-blown bear market. That's the interpretation of the so-called Warren Buffett indicator at this time, anyway. The ratio comparing the total market cap of the U.S. stock market (as measured by the combined value of the Wilshire 5000's companies) to the nation's gross domestic product, or GDP, currently stands at a record high of 237. 5%. It's a sign that stocks are dangerously overvalued.
POLARIS INSIGHTS