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General Investing and Economics Discussion - No Politics
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<blockquote data-quote="bobongo" data-source="post: 704749" data-attributes="member: 3893"><p>There hasn't been such artificial pumping of the market since 1929. To wit: a trillion dollar deficit (soon to be three), interest rates reduced to zero, and tax cuts used for stock buybacks (and I'm not making a comment here on whether there should have been tax cuts, just that they were in fact largely used for stock buybacks, thus pumping the market). </p><p></p><p>The market is still very overvalued, even though we're looking into a deep recession. For the market to get to a normal valuation compared to GDP (the middle of Buffet's "fair valued" range), it would have to fall 20% from what it is right now. And that's<em> normal </em>valuation, not even considering the coming recession or the fact that GDP will be going down.</p><p></p><p><a href="https://www.gurufocus.com/stock-market-valuations.php" target="_blank">https://www.gurufocus.com/stock-market-valuations.php</a></p></blockquote><p></p>
[QUOTE="bobongo, post: 704749, member: 3893"] There hasn't been such artificial pumping of the market since 1929. To wit: a trillion dollar deficit (soon to be three), interest rates reduced to zero, and tax cuts used for stock buybacks (and I'm not making a comment here on whether there should have been tax cuts, just that they were in fact largely used for stock buybacks, thus pumping the market). The market is still very overvalued, even though we're looking into a deep recession. For the market to get to a normal valuation compared to GDP (the middle of Buffet's "fair valued" range), it would have to fall 20% from what it is right now. And that's[I] normal [/I]valuation, not even considering the coming recession or the fact that GDP will be going down. [URL]https://www.gurufocus.com/stock-market-valuations.php[/URL] [/QUOTE]
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