Monday, May 6, 2013

Stock Investors Partying Like It's 2007

This strikes me as not a good sign. As Business Insider reports, "Cullen Roche of the Pragmatic Capitalism blog has noted that New York Stock Exchange margin debt, which is used to leverage up bets on stocks, is near all-time highs."

It was margin leverage that got the stock market in trouble in 1929 and in 2007-08.

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