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Matthew Makai's avatar

I'd love to see S&P 500 / Nominal GDP going back even further, even back to say 1900. Is our current high result higher than the dotcom era and/or the Roaring 1920s?

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Luke M's avatar

Great question! This post has it going back a hundred years, where you can see that it was indeed higher during the roaring 20s. In fact, the roaring 20s started at a stock / gdp ratio around current levels 😱

https://endlessmetrics.substack.com/p/the-buffett-indicator

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