In 1929, people bought stocks on leverage putting down $ for 1 stock in order to buy 4. Today, we have the govt. sending checks to people that some are using to 10x leverage against the market via short dated options for a market that "can't lose." Eventually, this ends badly.
— John Tuld – Wealth Inequality Detector (@BradHuston) December 17, 2020
1636: Tulip prices only go up
2020: pic.twitter.com/Y7GhrhX9ki
— StockCats (@StockCats) December 17, 2020
What's the old saying…"Stimulus hopes can remain elevated longer than you can remain solvent" pic.twitter.com/3ZNrSkOxPk
— Hipster (@Hipster_Trader) December 17, 2020
This is the biggest speculative mania in the history of the world. Absolutely nothing could ever justify many of these stock valuations. It's all one giant greater fool ponzi confidence game being run by the Fed. It will end in a disastrous collapse one way or the other.
— EndTheFed.org (@EndTheFed_org) December 17, 2020
The greatest trick the devil ever pulled it convince people that valuations don’t matter.
— Sven Henrich (@NorthmanTrader) December 17, 2020
Quite something to see people cheer the destruction of their currency and purchasing power.
In real USD terms markets gains may not be what they're cracked up to be.
But hey, everything is relative these days. pic.twitter.com/MvbIbnrXOn— Sven Henrich (@NorthmanTrader) December 17, 2020
prediction: when they finally pass this stimulus deal, they will proclaim there will be additional stimulus in the future pic.twitter.com/99lgyrI8dU
— StockCats (@StockCats) December 17, 2020
"Investors wanted a little bit more from the fed. Maybe an unemployment benchmark they would hit before they took their foot off the pedal of QE. They wanted longer maturity purchases. Even a hint that we will increase the size of QE. "#CharlesPaynehttps://t.co/9d2EVv7rzR
— Danielle DiMartino Booth (@DiMartinoBooth) December 17, 2020