Charlie RedCock

Charlie RedCock

The Canary Died; Shiller P/E Is Just the Autopsy Report

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Charlie RedCock
Sep 19, 2026
∙ Paid

People love a canary until it stops singing. Then they argue about lighting, ventilation, and whether birds are even relevant in a modern mine. That is the stock market in miniature. A chart stretching back to the 1880s now sits near 41, a neighborhood previously reserved for the late-1990s fever dream and the brief, unhinged peaks that followed. Most investors treat that line the way tourists treat a “do not feed the wildlife” sign: decorative, slightly ominous, and promptly ignored.

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