GET READY: The World Is In For A Massive Shock Not Seen Since 1929!! The Next Financial Crisis Is Going To Be Disastrous!!
May 11th, 2013
Margin debt and the next stock market crash
The latest fear on Wall Street is that record levels of margin debt may end up toppling the stock market rally. NYSE margin debt recently reached its highest level since 2007 before the last major stock market peak and credit crash. Stephen Suttmeier, technical research analyst at Bank of America, noted that margin debt, rose 28% in March from a year ago to $380 billion. That figure is slightly below the July 2007 peak of $381 billion, although analysts speculate that April’s margin debt totals(which haven’t yet been released) have already surpassed this mark.