Time to buy or sell ? This indicator has proved reliable in the past.

Wall Street experts and well known analysts rely on the marekt-cap-to GDP ratio indicator. It certainly has provided some value in the past. Recently, Warren Buffet has called for a market correction based on this indicator.

Clearly, stocks are overpriced now based on other indicators as well. While the bubble has not reached the dimensions of the late 199oies, a cautious stance is advisable.