481 - Is It 1929 All Over Again? - 2/1/2021

Published: Feb. 1, 2021, 12:27 p.m.

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Good Morning and Good Coffee!  A funny thing happened to the market this past week that reminded me of a fantastic lesson by Mr. Donaldson, my American History teacher during my junior year in high school.  The crash of 1929 had a lot to do with buying on margin, and this week something happened to hedge funds playing with some matches called short selling.  How did they get burned at their own game?  Enter Reddit and the power of social media.  Confused?  Let me explain.  Get your coffee!

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