Nominal GDP rose to a level of $17.5354 trillion annualized for 3Q2014, according to the advance estimate of third quarter GDP released today.
Total stock market capitalization had an approximate value of $24.9126 trillion on September 30, 2014.
The ratio of total market cap to GDP on the record date therefore comes to 1.421, down slightly from the 1.445 level which prevailed in 2Q.
The ratio was as low as 0.74 as recently as the end of 2008.
The stock market therefore was about 92% more expensive at the end of September 2014 than it was at the end of 2008, and became just 1.7% cheaper between the second and third quarters of 2014.
