What Warren Buffett really thinks about the stock market - MarketWatch
1. Buffett's market cap-to-GDP indicator hit record levels. It signals severe overvaluation. 2. BRK.A letter shows conflicting signals on equity versus cash. It suggests mixed investor sentiment. 3. Valuation metrics are at historically bearish ranges. They hint at low long-term returns. 4. Bulls argue global revenue hides US overvaluation. Historical data refutes this argument.