Warren Buffett's Favorite Stock Market Indicator Just Hit a Dangerous Record. Here's What History Says Happens Next.
According to Buffett, investors may be "playing with fire" right now.
Overview
After a brief tumble last week, major market indexes are soaring yet again. The S&P 500 (SNPINDEX: ^GSPC) and the Nasdaq Composite (NASDAQINDEX: ^IXIC) are inching closer to new all-time highs, up by 26% and 34%, respectively, over the past 12 months, as of this writing.
Whether or not all this growth is sustainable, however, is the question on many investors' minds. Although no stock market indicator can predict the future with 100% accuracy, there's one metric Warren Buffett favors that is sounding the alarm right now.
Image source: The Motley Fool.
Details
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.