Yes, BUT How Overvalued Are We?
September 2025 v. Dot Com (2000)
The Average Bull Market since 1942 lasts 4.5 years to 5.5 years depending your method.
Current Bull, since October 2022: We’re now 3 years into it… Presumptively leaving us 1.5 to 2.5 years to go! Except for that precarious measurement we should all just agree to ignore? VALUATIONS.
Yes, BUT How Over-Valued are we?
Per the Buffett Indicator, which compares:
Total U.S. stock Market Cap
v.
Gross National Product (GNP)
We’re at a record high of 218% as of September 2025.
The 2000 Dot Com Bubble: 159%
Ohhh... (dialing…)
Jeff?…Please sell.
Jeff: Pourquoi?
I said… just SELL!
So, how can we know?
What do we do?
Since 1999, Charlie Whooph has traded swings, which captures “Price Travel”,
Which makes good sense considering the market spends 70% of her time cycling or ranging.
So, investors at a minimum…should burn this market dynamic into the psyche: Whooph Price-Indicator Disagreement.
as long as the bubble gets bigger….
Ain’t that the truth. You may be as cynical as me.