NYSE MAGIN DEBT IS OUT.

You can find the actual data here for the most recent month, March and you can look back historically as well.

The bottom line is that investors continue to leverage up on margin, which now stands at just over 3 years highs (Feb 2008) which was also about the time the market top had been broken.

When you put together a low volume environment, a lack of participation by investors, over priced equities in a margin squeeze environment with extremely low short participation and multi-year margin debt; you really have the makings for the perfect storm. This scenario fundamentally speaking is worse then 2007 because at least in 2007 we had participants, volume, the market wasn't run by algorithms to the extent it is now and there were plenty of shorts in the market.

What this means for you as far as today, not much, but it should be noted, as a matter of fact this is a fantastic tome to keep a trading journal. We are really in a historic market which I believe will lead to another, even bigger historic market. It's good to keep notes on how it all went down.