Buffet Indicator insights

Despite the recent downturn in the equity market, the Total Market Cap over GDP - also known as Buffet Indicator - clearly shows that there still might be a significant market crash ahead.

Assuming the market will reach the "Fairly valued" territory, it means that a further 25% decline is to be expected.

Assuming instead that the market will ultimately become "Significantly Undervalued" - as it happened after both most recent market crashes (except after COVID due to the massive Fed intervention) - we should expect a further 50% decline.