Page 3 - Buffett Indicator News Today

Sensex Crash Today: In percentage terms, todays decline in Nifty was the biggest single-day loss in last 9 months. In the last one month alone, the index has rallied over 1,400 points or about 7.2% with November turning out to be the best month for Nifty in 2023.

India Business News: At the closing, BSE Sensex was down 930 points or 1.30% at 70,506.31. Nifty50 was at 21,150.15, down over 300 points or 1.41%. We take a look at 5 pos

Old Bridge Capital Management Founder Kenneth Andrade says excesses in the small and microcap space raise concerns and there is an anticipation of volatility

Given Warren Buffetts track record, investors would be well-served to keep their FOMO instincts in check and their powder dry. Read more.

“We are pretty much at a peak but this market cap to GDP is a misnomer in my view because large parts of the GDP are not listed. So, how do you correlate market cap to GDP? Our agriculture, which is a large part of the GDP, does not trade ; a large part of the SME sector does not trade; a large part of government services which make up the GDP do not trade.”

Is America's debt bubble about to burst? A "black swan" fund manager seems to think so, and he issued a dire warning to stock investors.

John Hussman, who recently warned the S&P 500 could plunge by over 60%, noted the Buffett Indicator is "above every extreme prior to late-2020."

Gold

Nifty stocks that are trading at a significant discount to their historical averages are ONGC (-45%), BPCL (-41%), Tata Steel (-38%), Apollo Hospital (-31%), and Eicher Motors (-28%). As a sector, PSU banks are trading at a P/B of 1.1x, at a 30% premium to its historical average of 0.8x while the consumer sectors P/E of 41.7x implies a 4% premium to its 10-year average of 40x. Similarly, technology is trading at a P/E ratio of 23.2x, an 18% premium to its long-term average of 19.6x.

We are still in a transition period. From the bull markets of 1980 — 2020, we are now entering into bear markets. Or so we believe.