Global market cap is about to hit $100 trillion and Goldman Sachs thinks the only way is down
- Global market cap is about to hit $100 trillion.
- A bull run of this length — nearly nine years — was last seen before the Great Depression.
- Goldman Sachs believes the "bull market in everything" is about to come to an end.
- In the medium term, we face either "slow pain" or "fast pain" in the equities markets, Goldman says.
This is a chart of the value of all stocks in all companies in all countries, globally. It is, technically, the market cap of Planet Earth, and everyone who sees it does a double take. In just the last few months, total market cap has rocketed upward to nearly $100 trillion worldwide: