Heaven Encounters with Randy Kay
Heaven Encounters with Randy Kay
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Is the Market Headed for Another 1929?

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February 19, 2026

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The 1929 stock market crash wasn’t just about overvaluation. Nearly 70% of stocks were purchased on leverage, meaning investors borrowed heavily to invest. When the market dropped, many didn’t have enough cash to cover their positions.

Today, consumer and state debt levels are extremely high. Some analysts are asking whether the market is once again built on borrowed money rather than real assets.

Are we seeing parallels to 1929?

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Is the Market Headed for Another 1929? · Heaven Encounters with Randy Kay · Sentinel