Overconfidence leads to leverage.
Leverage leads to crashes.
We are here.
— Michael A. Gayed, CFA (@leadlagreport) April 4, 2025
S&P History:
– 1987 Crash: -12%
– 2001 Post-9/11: -11%
– 2008 GFC: -18%
– 2020 Covid: -15%
This week: ≈10%— InvestorBuzz® (@investor_buzz) April 4, 2025