All the money in 2008 was made by suits identifying a market dislocation and exploiting it.
All the money in 2021 was made by retail identifying a market dislocation and exploiting it...until the suits intervened.
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What’s the difference with these two statements?
In 2008, banks failed because they lacked collateral to withstand a liquidity crunch.
In 2021 brokers failed because they lacked collateral to withstand YOLO stampedes.
Hayden Christensen returns as Darth Vader, joining Ewan McGregor in OBI-WAN KENOBI. The Original Series begins 10 years after the dramatic events of Revenge of the Sith, and is coming to #DisneyPlus.