Warren Buffett and the Stock Market

"For me, the message of that chart is this: If the percentage relationship falls to the 70% or 80% area, buying stocks is likely to work very well for you. If the ratio approaches 200%--as it did in 1999 and a part of 2000--you are playing with fire. As you can see, the ratio was recently 133%."

- Warren Buffett

Published in
Monday, December 10, 2001
By Carol Loomis

(c) 2001 Time Inc. All Rights Reserved

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