While CNBC and other perma-bulls claim that the stock market is a great investment today, the smart money is already prepping for a disaster.
Goldman Sachs has told its clients to “sell at the new high.”
Credit Suisse just told its clients stocks “haven’t looked this worrisome since the tech bubble.”
They’re correct. Stocks are in a bubble by virtually every reasonable metric.
According to CAPE, stocks have only been more expensive relative to earnings TWICE in history. Both of those situations were also massive bubbles.
The media Price to Sales (P/S) ratio for the S&P 500 is at an all-time high. Stocks have NEVER been more expensive based on this metric.
And finally, stocks, as priced in Enterprise Value to Earnings Before Interest Taxes Depreciation and Amortization (EV/EBITDA) is at levels not seen since 2000.
H/T the Euchre
A Crash is coming… and the time to prepare is NOW, before it hits.
On that note, we are already preparing our clients for this with a 21-page investment report titled the Stock Market Crash Survival Guide.
In it, we outline the coming crash will unfold…which investments will perform best… and how to take out “crash” insurance trades that will pay out huge returns during a market collapse.
We are giving away just 1,000 copies of this report for FREE to the public.
To pick up yours, swing by:
Best Regards
Graham Summers
Chief Market Strategist
Phoenix Capital Research
via http://ift.tt/2aa3oGL Phoenix Capital Research