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.

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 (@BradHuston) December 17, 2020

1636: Tulip prices only go up

2020: pic.twitter.com/Y7GhrhX9ki

— . (@StockCats_2009) December 17, 2020

https://twitter.com/Hipster_Trader/status/1339591983828848641

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

https://twitter.com/NorthmanTrader/status/1339615166128898049

https://twitter.com/NorthmanTrader/status/1339600911325229063

prediction: when they finally pass this stimulus deal, they will proclaim there will be additional stimulus in the future pic.twitter.com/99lgyrI8dU

— . (@StockCats_2009) 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