40% S&P Drop From Here — What This Boring Stat Says – Don’s Daily Brief
The Schiller PE ratio just hit its second highest peak ever.
Higher than the 2008 crisis — and second only to the DotCom crash.
Every time it reverses off of one of those peaks, it reverts AT A MINIMUM to its long term average (about 15).
This means that even if earnings do not fall, we could be in store for an S&P of 2200 — down another 40% from here.
► With that said, we’re using this opportunity to go short the S&P through SDS.
But you need to know how to play it and that includes a trigger price, target price and stop loss. You can get these by subscribing to The Daily Pick right now for just $9/mo.
👉👉We’ve already closed 23 winners and we’ve only been doing this since mid-August!
The Daily Pick is Don’s daily alert service, where for just a few dollars a month, he gives you a pick every trading day, complete with triggers, stop loss and profit targets.
ABOUT DON’S DAILY BRIEF:
Every market day, Don Yocham scans thousands of potential stocks, whittling down the list to just a handful that could be setting up to make BIG moves.
The top idea from his daily scan ends up here.
For specific trade instructions, including triggers and stop loss levels, take a look at The Daily Pick, where for just a few dollars a month, you’ll get full trade instructions on Don’s top idea each day.
