2026-01-05 07:27:45

Recently, I looked at some data from the US stock market, and to be honest, I am quite worried.

Let's start with a few shocking numbers: total margin debt has soared to $1.21 trillion, breaking historical records. Even more crazy is that it has increased by 32% in just five months, a speed only seen during the dot-com bubble in 2000. Additionally, there have been 119 market fluctuations of over a hundred billion dollars, also a record.

What’s more frightening is that the current market exhibits all three classic signs of impending major economic crises:

During the Great Depression of 1929, everyone borrowed money to buy stocks, and the ratio of margin debt to GDP reached an extreme. Now, we see a similar frenzy. During the 2000 dot-com bubble, the Nasdaq's P/E ratio soared to 200, and retail investor leverage growth was second only to today. The 2008 financial crisis was a result of derivatives and leverage, with daily fluctuations of over a hundred billion dollars becoming commonplace.

The problem now is that all three of these features are appearing simultaneously. This overlapping effect has never happened before in history. Based on the data, the market risk level is unprecedented.

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GweiWatcher

· 01-08 03:54

The three ghosts of 1929, 2000, and 2008 appear simultaneously. This time, it's really a bit different...

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BlockchainWorker

· 01-06 04:08

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JustAnotherWallet

· 01-05 07:57

The three classic disasters of 1929, 2000, and 2008 are happening simultaneously. This time, it's truly different...

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ImpermanentLossFan

· 01-05 07:57

Whoa, three crisis features stacking together? How crazy does it have to get? --- 1.21 trillion in margin debt, it feels like just waiting for a spark to ignite. --- No, it's 2024 already and we're still copying and pasting the same old scripts? The market really needs to wake up. --- This data makes my scalp tingle; I need to quickly review my positions. --- Hmm... a 32% increase in debt over five months, isn't that playing with fire? --- Wait, 119 instances of trillion-dollar fluctuations? Is this testing traders' heart resilience? --- Honestly, I’ve never experienced this kind of compounded risk; I feel a bit scared. --- Margin debt hitting record highs, retail leverage soaring... when will this end? --- Three major crisis features appearing simultaneously? Oh my, it feels like watching a horror movie. --- History never repeats exactly but likes to rhyme. Are we now experiencing multiple rhymes?

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LiquidityHunter

· 01-05 07:44

Damn, three crisis features stacking together? How crazy is that? Margin of 1.21 trillion, up 32% in 5 months... Basically, more and more gamblers. The feeling of history repeating itself isn't very good, but this time it's really different. Wait, who dares to leverage at this critical moment? Are they out of their minds? 1929, 2000, 2008 all happening together? Bro, your data is a bit scary. In the short term, this is indeed a trap, but what are long-term holders thinking? Still willing to go all-in? 119 fluctuations... The market is definitely screaming. Is it actually an opportunity for retail investors? Or should we just run away? Haha. If this data is true, the US stock market might need a shakeout in this wave.

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PretendingSerious

· 01-05 07:37

Three crisis features together? We need to wipe this out in this wave.

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