Bank of America says growth stocks are in a bubble exceeding the 'dot-com' and 'nifty fifty' eras

[SunSeeker]

1. Warren Buffett agrees. He is getting out of stocks.

It surely says nothing cheerful that Warren Buffett, the world’s most famous and successful investor, now holds more than half of his company’s net assets in cash and Treasury bills.
...
Or that the legendary chairman of the Berkshire Hathaway conglomerate now has more in cash than he does in traded U.S. stocks.

Buffett’s retreat from the U.S. stock market comes as U.S. stocks have hit record levels and valuations. By the metric known as the “Buffett indicator,” which compares the value of the U.S stock market with the size of the country’s annual gross domestic product, shares have never been as expensive as they are now.

https://www.marketwatch.com/story/warren-buffett-warning-of-scoundrels-and-fiscal-folly-slashes-his-exposure-to-u-s-stocks-15c6e66a?link=sfmw_fb&fbclid=IwZXh0bgNhZW0CMTEAAR3qVYFDVp0xIrTZV7aYxldXEDx1PD4ZLnnRoBJaD0DKVq9bc1vfH3onOlM_aem_roJeNUyb6LYV1nt06pCLGw