Source: cnn.com.
Overview
Are stocks expensive? After the longest bull market in history, this question is inevitably raised among many investors. From an overall market perspective, the Warren Buffett Indicator is telling us that stocks are overvalued in many parts of the world (especially the developed one). For example, according to GuruFocus below, the Indicator is above 100% in major markets like the US (SPY), the UK (EWU), and Sweden (EWD).
Source: GuruFocus; data as of 9/14/2019.
However, the prevailing "race to zero" among central banks around the