Subject: Re: Strange Market
The Space X IPO and other IPOs will push the indicator up even higher.

However, I have always wondered why a company going public which makes the indicator higher, or a company going private which makes the indicator lower suggests whether a market is more or less an expensive valuation.

Didn't Mr. Buffett himself say the "Buffett indicator" was irrelevant, or words to that effect?

Adding SpaceX at 100x sales, or whatever, will def increase CAPE, if that's your bag, and a whole host of other ratios. Valuation is in the eye of the beholder.

$28 trillion total addressable market, dontcha know...