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.
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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.
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 for it is NOW before it hits.
I can show you how.
With our latest winner closed on Tuesday, we are now up to 97 straight winning trades.
For 19 months, not only have Private Wealth Advisory subscribers locked in 97 CONSECUTIVE winners including gains of 18%, 36%, 69%, even 119%...
But more importantly, throughout that ENTIRE TIME we’ve not closed a SINGLE loser.
97 closed winners… and not one closed loser… in 19 months.
Based on what’s happening in the markets today, we’ve decided to extend our deadline on our current offer to try Private Wealth Advisory by another 24 hours.
So tonight (THURSDAY) at midnight, we are closing the doors on our offer to try Private Wealth Advisory for 30 days for just $0.98.
This is it… no more extensions… no more openings,
Chief Market Strategist
Phoenix Capital Research