Dividend yield hints at new lows, indicating market crash

The dividend yield (DY) is simply the amount of money a company pays a shareholder in dividends divided by the share price. It's therefore a measure of value for a stock. A DY < 1 would mean that the shares cost more to by than the shareholder receives in dividends, therefore extremely overvalued.

In a bear market, the DY increases very fast. During a bull market it decreases. At crashes the DY forms a low. Crashes of course happen when markets are at new highs. Like other metrics, the DY hints that stocks are at an important level. it shows that the market is still very overvalued despite the 2008 crash. If the indicated support is lost it is likely we will move towards another market crash.