Overconfidence leads to leverage. Leverage leads to crashes.
https://twitter.com/leadlagreport/status/1908121639268524057 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