Feb 4, 2026
Quantitative Autopsy of the 1929 Crash: When 10x Leverage Met 4-Hour Latency
Rebuilding the 1929 crash in spreadsheets reveals a mass liquidation event disturbingly similar to modern flash crashes. From 10% margin's negative convexity to Stock Pool manipulation, 4-hour ticker tape delays, and failed rescue operations — the primitive algorithms of a century ago share the same DNA as today's 0DTE gamma squeezes.