The Contrary Investing Report
Investing and Trading News, with a Contrarian, Sarcastic Twist!


NYSE Margin Debt Hits Record Levels, Surpassing 2007 Mark

by Brett on May 31, 2013

Not only are investors all lathered up these days – they appear to be quite levered up, too.  Courtesy of the Jutia Group:

It’s official…

Margin debt—that’s the amount of money borrowed to purchase stocks—on the New York Stock Exchange (NYSE) reached its all-time high in April. Margin debt on the NYSE registered at $384.3 billion as the key stock indices hit new record-highs. (Source: New York Stock Exchange web site, last accessed May 29, 2013.) The highest margin debt ever reached prior to this was in July of 2007, when it stood just above $381.0 billion. At that time, just like today, the key stock indices were near their peaks and “buy now before it’s too late” was the prominent theme of the day

Source: Jutia Group – NYSE Margin Debt Hit New Record

In his weekly column, Carl Swenlin broke down the sector-by-sector technicals and concluded that the short-term outlook appeared OK for now.  Still, as always, mind your stops!


Our Partners





Further Reading:

Post Footer automatically generated by Add Post Footer Plugin for wordpress.

Previous post:

Next post: