Silver to $39.50: Up 9.4% Past 30 Days
In the latest episode of The GoldSilver Show, Mike Maloney and Alan Hibbard deliver one of their most urgent warnings yet: the stock market is in “insane bubble territory” — and the fundamentals don’t support the hype.
📉 The Buffett Indicator Is Flashing Red
One of the most striking charts shared in the episode is the Buffett Indicator — total U.S. stock market capitalization divided by GDP. The number? Over 200%. For context, that’s higher than the peaks seen during the dot-com bubble and the 2008 financial crisis.
Mike calls it “insane bubble territory,” and for good reason. In a healthy market, the value of all stocks should roughly align with the output of the real economy. Today’s gap suggests massive disconnection from reality — fueled not by productivity, but by speculation.
📊 Margin Debt Is Near Record Highs
Another major concern? Margin debt. More investors than ever are borrowing money to buy stocks — an inherently risky strategy that amplifies losses when prices fall. And history shows us what happens when margin debt builds to extremes. It doesn’t just signal overconfidence; it sets the stage for a vicious unwinding. As Mike explains, when the market starts to dip, margin calls trigger forced selling, which leads to more declines… and the cycle repeats.
It’s a feedback loop that has turned ordinary corrections into full-blown crashes.
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📦 Narrow Market Leadership
While the S&P 500 may be hitting new highs, it’s being carried by just a handful of mega-cap tech companies. This is not broad-based strength — it’s a fragile structure that depends on a few stocks continuing to perform flawlessly.
Alan compares this setup to the pre-crash environment of 1929, when a similarly narrow rally gave way to historic losses. When the leaders stumble, there’s nothing left to hold up the market.
🏚️ Surging Bankruptcies Behind the Curtain
Despite strong headlines, Main Street is telling a very different story. Bankruptcy filings are rising sharply — especially among mid- and large-sized companies. In fact, the first half of 2025 has already seen the most corporate bankruptcies in 15 years. That’s not a sign of economic health.
And yet, markets remain euphoric.
This kind of divergence is exactly what preceded previous crashes. It’s not “doom and gloom”—it’s what the data shows. As Mike reminds us, these trends aren’t new. They’re part of the same pattern we’ve seen play out before.
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Connecting the Dots: Why It’s Critical Now
“This cannot last,” Mike states bluntly in the episode. He’s not being dramatic. He’s laying out a rational case based on cycles, valuation, and market structure.
The mainstream narrative may still be bullish, but smart investors are looking beneath the surface. They’re asking tough questions. And they’re preparing—not panicking.
If you haven’t already watched this breakdown, do it now. Mike and Alan connect the dots most analysts ignore and provide the historical context investors need to navigate what’s coming.
👉 Watch: “This Insane Bubble for Stocks CAN NOT LAST”
