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To: KyrosL who wrote (5022)1/29/2000 11:44:00 AM
From: Cynic 2005  Respond to of 42523
 
<<The current market valuation at 140% of GDP, >>
One of the most understated cliche I have ever come across. Stock market valuation is more line 210% of GDP, not 140 or even 160 which Abelson quotes. For a rough calculation, all you got to do is get wiltshire 5000 market cap and divide it by 0.8 to get rough valuation. If you want to be more accurate, add the market caps for NYSE, DUNG, AMEX and BB stocks. I will post real numbers later.



To: KyrosL who wrote (5022)2/1/2000 11:46:00 AM
From: Cynic 2005  Respond to of 42523
 
Current valuation of Wilshire 5000 is 15.8 trillion (Dec 31, 1999). My multiplier for total market cap of all indices is about 1.2. That puts total marketcap of all equities at about 19 tril. Let us say the 2000 GDP is about 9 tril. (For 1998 it was about 8.5 tril) That puts the forward marketcap to GDP ratio conservatively at 2.1 (210%)!!!!

wilshire.com



To: KyrosL who wrote (5022)2/1/2000 1:19:00 PM
From: Cynic 2005  Read Replies (3) | Respond to of 42523
 
More on market cap!
nyse.com
NYSE market cap on 12/31/99 was 11.4 tril
nyse.com

Dung market cap 3.2 tril at end of June 99. Now about: 4.85 tril
nasdaq.com

Amex market cap is about 0.8 tril (my guestimate)

Combined market cap of NYSE/DUNG/AMEX is about 17 tril! (2 tril less than my earlier estimate) Still a MC/GDP ratio of about 190%. Un-spinnable facts!