THE RECKONING

Wall Street’s oldest warning system just triggered.

The Shiller PE ratio crossed 40.16 this week.

In 154 years of recorded market history, this threshold has been breached only three times. The first was December 1999. The second was November 2021. The third is… https://t.co/3cvdLFxQy3 pic.twitter.com/kJnDXCtyHA

— Shanaka Anslem Perera ⚡ (@shanaka86) December 17, 2025