Beware the Disney Princess Castle of doom indicator : Stocks/GDP
The Buffet Indicator is comparing stocks marketcap to gdp. If the economy as measured by GDP isnt growing, then stock tend to bottleneck until growth returns.
In previous stock peaks, 2000 and 2007, the price action peaked and retraced causing a bear market trend.
To make it memorable, I overlayed disney princess castles, to burn it into memory.
In previous stock peaks, 2000 and 2007, the price action peaked and retraced causing a bear market trend.
To make it memorable, I overlayed disney princess castles, to burn it into memory.
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