Monthly Archives: May 2015
A couple hours ago the NYSE released margin debt data for April. I expected $495B. $507.1B was posted. Wow! Over half a trillion dollars. I use M1-corrected margin debt in the strategic Greedometer (1 of 10 inputs). On this basis, April margin debt was $506.1B. Margin debt tends to set new all time highs shortly before a stock market crash initiates.
The next 2 weeks will be very interesting for the 10th Greedometer and mini Greedometer sequence. The S&P500 path for the next 2 years is going to begin to come into view. Tune in and find out. There’s a free trial. link here
Europe’s derivatives market (called Euronext) was re-set during today’s European bond market meltdown. This stopped the bloodbath and caused a reverse in course. When reality creeps in, pull the plug. SPX futures were plummeting — right up until the plug was pulled on Euronext. I could not find any mention of this on the website of CNBC nor the FT this morning. Odd […] Read the rest of this entry