Just as the recent downside volatility in the market has retraced nearly 50% of the October rally in several short days, the NYSE releases the new margin debt totals.
Margin Debt jumped by $21 Billion which is the most since June of 2007 when it jumped by $25 billion.
When those margin calls start rolling in, it's going to be very ugly in the market, especially since short interest has plunged removing any natural bid to support the market once it starts falling
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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