New York CNN —The “Buffett Indicator” is flashing red.
If the stock market is growing a lot faster than the economy, that could be a sign of a bubble.
Yes, but: The so-called Buffett Indicator is not without flaw.
By the closing bell, Trump Media ended at $57.99, up by a more modest 16% on the day.
He said Trump Media is likely worth somewhere around $2 a share — nowhere near its closing stock price of $58.
Persons:
Warren Buffett, Fortune Magazine “, Berkshire Hathaway, John Hussman, Hussman, Larry Summers, “, ”, Louis Navellier, Goldman Sachs, Navellier, doesn’t, Buffett, they’re, Jamie Dimon, Kevin Gordon, Charles Schwab, Elisabeth Buchwald, Donald Trump’s, CNN’s Matt Egan, Jay Ritter, Ritter
Organizations:
CNN Business, Bell, New York CNN, Fortune Magazine, Nvidia, Federal Reserve, Bloomberg, Navellier, Associates, “, JPMorgan, CNBC, CNN, Visa, Mastercard, Court, Eastern, of, National Retail Federation, Trading, Trump Media & Technology Group, Trump Media, University of Florida’s Warrington College of Business, GameStop, AMC
Locations:
New York, of New York