That has now changed. Increased shift of capital from making investments in GDP growth to profiting from oscillations of the stock market resulted in a wide range of stock prices while GDP declined. The ratio of the the stock market capitalization to GDP ratio increased to over 100% while the GDP growth declined from over 10% to about 3% at preset.
The stock market is at present overpriced. The current levels of market capitalization are not sustainable. The U.S. has changed from capital invested in the growth of wealth producing GDP to the capitalization of gains from the stock mark