Warren Buffett’s Favorite Stock Market Indicator Is Sounding the Alarm. History Suggests Investors Are “Playing With Fire.”
The stock market made headlines recently for closing out its best quarter in years between early April and late June. Since then, however, stocks have stumbled. The S&P 500 (^GSPC +0.05%) is down nearly 1% so far this month, as of this writing, while the tech-heavy Nasdaq Composite (^IXIC -0.64%) has dipped by close to…