What changed? The 3rd post in my doggie thread had you going on about a Patek Philippe Celestial. https://www.elitetrader.com/et/threads/mans-best-friend-thread.300940/#post-4299967 To which I answered with a Steinway. Too heavy to wear on the wrist... but a 1000X more valuable for the same amount of $'s. IMO at least.
I've been adding for 8 days and today's still strong Kidding... not adding to a loser. VIX is still above 20. Might have some more room. B1S2 5800 estimate might be accurate.
To me this sounds like: Trump "They desperately want to make a deal with us" vs China "We are considering if we have any intention to discuss the matter"
(BLOOMBERG) Buffett’s favorite valuation metric A key valuation metric touted by legendary investor Warren Buffett is signaling that equities are relatively cheap, bolstering the case that the sizzling rebound in US stocks has room to run. The “Buffett Indicator” measures the ratio of the total value of the US stock market via the Wilshire 5000 Index divided by the dollar value of US gross domestic product. It stands at its lowest level since early September — even after a bounce that has sent stocks screaming higher in recent weeks. The 94-year-old chief executive of Berkshire Hathaway, which will hold its annual meeting in Omaha, Nebraska, this weekend, has said the “single best measure of where valuations stand” was the ratio of the value of US publicly traded companies to the country’s GDP. The indicator blared a warning late last year when it shot to a historic high, echoing similar signals sent during market peaks in 2021 and before the bursting of the dot-com bubble in 2000. The measure is now at 180%, around where it stood after an unwind of the Japanese yen carry trade sparked a brief but intense selloff last year. That stock-market rout cleared the path for a powerful S&P 500 rally in the closing months of 2024. —Jessica Menton