> Those two numbers do not directly correlate

I think that's the point. Sometimes it's useful to point out the obvious.

It's called the "Buffett Indicator" – the US market cap divided by the US GDP. It peaked before the dot-com bubble burst, and before the 08 recession, and has been at its all-time high recently.

https://finance.yahoo.com/news/buffett-indicator-signals-war...