The gist of the article is that the amount of borrowed money being used to buy on the NYSE has never been so astronomically high:
![[Image: 97b0f7368247a431167eaa98f414d2b5.png]](https://www.advisorperspectives.com/images/content_image/data/97/97b0f7368247a431167eaa98f414d2b5.png)
If the stock price collapses even by a small amount, then there will be a desperate sell-off by overleveraged people desperately trying to pay off their debt, which will only cause the stock price to collapse further triggering a mass sell-off, since no one is investing real money in the stock market anymore - it's all borrowed leveraged money.
Note that the sheer size of the debt involved in the NYSE dwarfs any previous debt bubble. The popping of this bubble could be a catastrophic depression-level event.
If the stock price collapses even by a small amount, then there will be a desperate sell-off by overleveraged people desperately trying to pay off their debt, which will only cause the stock price to collapse further triggering a mass sell-off, since no one is investing real money in the stock market anymore - it's all borrowed leveraged money.
Note that the sheer size of the debt involved in the NYSE dwarfs any previous debt bubble. The popping of this bubble could be a catastrophic depression-level event.