I am so appreciative of your and Scott's "mission" of enlightenment. When the world we live in IS a casino, it's 'dear leader' being the central casting MC, there is a devotion to get-rich-quick, and why not, when young people see the Kardashians' glory and Trump's meteoric rise from a Reality Show Bimbo to the president of the United States.... We are a country addicted to schemes because traditional opportunities and values have grown thin - or the patience of the striver has.
I am sharing your and Scott's pages to my son, an ambitious, hardworking young man, who sees with both eyes. I want the right example of advisors to be within his grasp and attention.
Ed, thanks for a well researched article and a timely warning. This gambling culture has metastasized beyond anything I could ever have imagined. SK just received a huge wake up call. Sooner or later it's coming to the USA. And when it blows it'll hurt gamblers and non gamblers alike.
Let's not forget that it was Biden's SEC who made leveraged single-stock ETFs available to non-accredited retail investors in 2022, so the fact that people are now trading in this financial dynamite has nothing to do with Trump gutting the SEC.
Can you chart an overlay of the KOSPI with the S&P500 comparing the leveraged concentration of wealth? I think that would hit the point you’re making. You’ve been very vocal about how the market has been top heavy and leveraged for a massive correction for as long as I’ve been listening to you (a long time). I believe you’re right. It’s not if the bubble will burst, but when. At 67 years old it makes this all the more terrifying.
I am so appreciative of your and Scott's "mission" of enlightenment. When the world we live in IS a casino, it's 'dear leader' being the central casting MC, there is a devotion to get-rich-quick, and why not, when young people see the Kardashians' glory and Trump's meteoric rise from a Reality Show Bimbo to the president of the United States.... We are a country addicted to schemes because traditional opportunities and values have grown thin - or the patience of the striver has.
I am sharing your and Scott's pages to my son, an ambitious, hardworking young man, who sees with both eyes. I want the right example of advisors to be within his grasp and attention.
Thanks, Ed, and thanks, Scott.
Ed, thanks for a well researched article and a timely warning. This gambling culture has metastasized beyond anything I could ever have imagined. SK just received a huge wake up call. Sooner or later it's coming to the USA. And when it blows it'll hurt gamblers and non gamblers alike.
Let's not forget that it was Biden's SEC who made leveraged single-stock ETFs available to non-accredited retail investors in 2022, so the fact that people are now trading in this financial dynamite has nothing to do with Trump gutting the SEC.
Can you chart an overlay of the KOSPI with the S&P500 comparing the leveraged concentration of wealth? I think that would hit the point you’re making. You’ve been very vocal about how the market has been top heavy and leveraged for a massive correction for as long as I’ve been listening to you (a long time). I believe you’re right. It’s not if the bubble will burst, but when. At 67 years old it makes this all the more terrifying.