Stocks only went up. No down days. And then on 10/29/1929, Dow dropped 11% out of nowhere. It will shed another 50% in next few months.
” Be fearful when others are greedy, be greedy when others are fearful. ”
(, also known as the Market Capitalization-to-GDP ratio, is a valuation metric proposed by Warren Buffett in 2001, which he described as "probably the best single measure of where valuations stand at any given moment". It calculates the ratio of the total market capitalization of a country's stock market to its Gross Domestic Product (GDP), providing a snapshot of how the market's valuation compares to the size of the economy.)
https://citizenwatchreport.com/the-buffett-indicator-just-hit-217-thats-69-above-trend-stocks-only-went-up-no-down-days-and-then-on-10-29-1929-dow-dropped-11-out-of-nowhere-it-will-shed-another-50-in-next-few-months/