BREAKING: The US stock market capitalization-to-GDP ratio has hit a record 208%. Since the April low, this ratio has surged ~43 percentage points, officially surpassing the February high of 206%. The ratio has also DOUBLED over the last 9 years. By comparison, at the 2000 Dot-Com Bubble peak, this metric was at 142%, while the long-term average is ~85%. We are witnessing history.