The ‘Index Of The Volume Of Speculation’ Blows Off
by jessefelder “Even the most circumspect friend of the market would concede that the volume of brokers’ loans—of loans collateraled by the securities purchased on margin—is a good index of the volume of speculation.” -John Kenneth Galbraith, The Great Crash 1929 There are all sorts of signals pointing to rampant speculation in the stock market today. And if we … Read more