Brexit was also claimed by health minister Matt Hancock as a reason for the U.K.’s rapid approval of the Pfizer-BioNtech vaccine — not a view shared by Prime Minister Boris Johnson.
An often-cited measure of stock valuations, popularized by Warren Buffett, is affirming a growing fear on Wall Street: equity prices are richer than their fundamental underpinnings.
Brexit was also claimed by health minister Matt Hancock as a reason for the U.K.’s rapid approval of the Pfizer-BioNtech vaccine — not a view shared by Prime Minister Boris Johnson.
What's striking is that the stock market after the global financial crisis is closely tracking the bull markets between 1949 and 1968, and the one between 1982 and 2000.