On the current US markets:  "By historic, fundamental measures, we are extremely high.  Stock market to GDP, which I know is one of Mr. Buffett's favorite measures is probably the highest its been in the last hundred years with an eight month exception around the 1999-2000 period."

Read more: http://www.marketfolly.com/2015/03/stan-druckenmiller-on-markets-fed-which.html#ixzz3TH2qTo00