A top Wall Street executive is warning of a 1929-style crash, where the stock market will go up significantly before crashing catastrophically, just as it had at the start of the Great Depression.
Mark Spitznagel, the hedge fund manager behind Universa Investments who made $1 billion in a single day for his clients during the 2015 “Flash Crash,” says he is seeing similarities to 1929, the year of the Wall Street crash, he told the Wall Street Journal.
