Eliot Spitzer was once one of the most feared figures on Wall Street. As New York attorney-general, he took on investment banks over conflicts of interest during the dotcom boom, reshaping financial regulation in the process.⁠

After 30 years Spitz finally learned to communicate the complex market path dependence using the F bomb. He is saying that the market will hurt the highest number of investors by producing yuuuge traps, w/rallies when things get grim, before a severe collapse.