The one metric Warren Buffett says can crash the stock market just hit a dizzying new high

The one metric Warren Buffett says can crash the stock market just hit a dizzying new high

In the December 10, 2001 issue of Fortune, Warren Buffett wrote a landmark 7-page article that introduced a crucial market metric that became renowned as the “Buffett Indicator.” The Great Man adapted the piece from a speech he’d given that July at the annual Allen & Co. bash in Sun Valley, privately delivered to the audience mainly comprising top CEOs. It was the legendary Fortune writer Carol Loomis who persuaded Buffett to adapt and extend hi…