Buffett's favorite market tool is flashing red- MSN Money
This is a link to the article where Warren Buffett discusses his stock market top flashing red signal. He was right in 2000 and 2007 when the Wilshire 5000 was valued more than the Gross National Product. Stocks crashed shortly after the market values got out of whack. Now, the red flashing is happening again in 2013 when the Wilshire 5000 is 18, 817 billion versus 16, 907.9 billion for the GNP. Eventually, we will have no more new buyers for stocks. Then, once the crash has happened, Buffett said the time to get back in is when the Wilshire 5000 is 70 to 80% of the GNP. Those who are able to decipher the future will profit the most.
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