The so-called “Buffett Indicator” has been flashing red for so long now as stocks keep soaring that you might think it’s an out-of-date relic that’s worthless in forecasting where the market’s heading.
To a certain extent this triumphalism is in bad taste. Texas could very well have another bad turn. But it does show that state restrictions don’t correlate very well with any kind of benefit. Fauci Claims The Fall In COVID Cases Since Texas Relaxed Restrictions Is ‘Confusing’ Related story here.