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The stock market is currently in a state of extreme vulnerability to a potential correction due to record-high margin debt levels and declining cash balances.
“We have 26% more debt today on a nominal basis with 21% lower cash available than in 2021. Part of this is because sentiment is like, "Stocks only go up."”
Meet Kevin · Nov 2025 · 1 episode · 169K views on this topicExtracted by a model; may misattribute who said what.