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Strategies & Market Trends : The Stock Market Bubble
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To: Jags who wrote (1112)8/13/1998 11:44:00 AM
From: Tommaso  Read Replies (2) of 3339
 
>>Whats the total market cap of the US markets? And which are the next few international markets in terms of the same metric?<<

I don't know, but from time to time someone posts figures like that. I think I read that it's presently (or was recently) something like 140% of current GNP, so if you can find the GNP figure you could get an estimate. Whatever it is, it's bloated beyond belief, with P/Es higher and dividend income lower than ever before.

Very sober article this week in The New Yorker that reflects exactly what I think.
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