Bubble

Over 20 years ago, the NASDAQ Composite Index soared to what was its all-time high. On 10 March 2000, it crested at the 5,132 mark. And then things came crashing…

The stock market capitalization-to-GDP ratio — the so-called Buffett Indicator — measures the size of the equity markets relative to the economy. Since corporate sector growth depends on economic growth,…

For more insights on the equity risk premium from Rob Arnott, Cliff Asness, Mary Ida Compton, Elroy Dimson, William N. Goetzmann, Roger G. Ibbotson, Antti Ilmanen, Martin Leibowitz, Rajnish Mehra,…

Mark J. Higgins, CFA, CFP, is the author, with Elliot Chambers, of “The Panic of 1819, Silicon Valley Bank and the Dangers of Bank Runs,” from the Summer 2023 issue…