Warren Buffet stock market valuation indicator - all time high

The fact that the stock markets are in a huge bubble is a secret for nobody.

But where do we stand exactly in terms of valuations? 

One indicator I aften see cited is the Warren Buffet indicator. What is this indicator? It is the total market capitalisation relative to GDP.

Here is how it goes:

All right, so the question is where do we stand today?

Here is the curve showing where this ratio is today (August 2020):

As you can see, the indicator stands at 178%. Does that mean stock will go down? Absolutely no; as I said here and here, they can only go up.

Buy more, they are cheap!