Economic Commentary

“Someday financial markets will decline...rising stock/bond markets will no longer be government policy. QE will end and money won’t be free. Corporate failure will be permitted. The economy will turn. Someday, somewhere, somehow, investors will lose money and once again come to favor capital preservation over speculation. Someday, interest rates will be higher, bond prices lower, and the prospective return from owning fixed-income instruments will again be commensurate with risk.” Seth Klarman

Wednesday, September 30, 2015

A Buffett Indicator Variant: Wilshire 5000 to GDP

"...The Wilshire Index is a more intuitive broad metric of the market than the Fed's rather esoteric "Nonfinancial corporate business; corporate equities; liability, Level". This Buffett variant is at an interim high."

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Economic Commentary

Wednesday, September 30, 2015

A Buffett Indicator Variant: Wilshire 5000 to GDP

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