With the Market Flashing Warning Signs Not Seen Since the Dot-Com Bust, Is Pfizer's 6% Yield a Safe Haven or a Trap?

Key Points Pfizer is facing several headwinds, which have weighed on its financial results. The company isn't currently generating enough cash to cover its high-yielding dividend. It's working to turn things around, which is already paying dividends. 10 stocks we like better than S&P 500 Index › The Shiller CAPE Ratio is at its second-highest reading in 150 years. The last time it was this high was right before the dot-com bubble burst, with the S&P 500 Index (SNPINDEX:^GSPC) crashing nearly 50% over the next two and a half years. That elevated market valuation indicator has me looking for more safe investments. I came across Pfizer (NYSE:PFE) while screening for quality dividend stocks to buy amid the current market environment.