Wolf Richter www.testosteronepit.com www.amazon.com/author/wolfrichter
Margin debt is a crummy predictor of a stock market crash. But after it starts spiking, it has a bone-chilling habit of peaking right around the time stocks crash. In the last fifteen years, it spiked three times: during the final throes of the bubbles that started imploding in 2000 and 2007; and now.
In February, margin debt jumped by $ 14.5 billion to a new all-time crazy record of $ 465.7 billion. In the last […]