Stock Market Cap/GDP is Substantially Below Average
By Barron Maestro on November 27, 2008
Barron’s reported in their latest issue that the current stock market capitalization as a percentage of GDP is at 59%, well below the average of 79% since 1930. However, it remains quite a bit above the lows of around 40% which were experienced in the 1930’s and 1974-1982. The 40% range would place the S&P 500 at 550; a scary drop from here.
This bear market is the worst in percentage terms since the the 1937 drop of 50%.
Source:
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