Thoughtful Money with Adam Taggart · Tuesday, July 14, 2026
Fred Hickey asserts that the current market is the "greatest bubble in US history," surpassing even the 2000 dot-com era. He supports this claim by citing elevated valuation metrics, such as the market cap to GDP ratio (Buffett indicator) at 241% and the price-to-sales ratio at 3.7 times.
“Well, I'm in complete agreement with Jeremy Grantham that we're in the greatest bubble in US stock bubble in US history.”
“The market cap to GDP ratio, the Buffett indicator is 241% of GDP versus 160% back in 2000.”
“The price to sales ratio is 3.7 times versus 2.3 times in 2000.”