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#39: John Hussman On Navigating One Of The Most Overextended Stock Markets Of All Time
Superinvestors and the Art of Worldly Wisdom
The Importance of Margin Debt
This morning was wacky, it's January 25th. We saw some individual stocks that got so illiquid on short squeezes. It was breathtaking. If you look at margin debt, right now we're sitting at 3.7% of GDP. That's the highest level in history.
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