Category Archives: Margin Debt: Greed
August NYSE Margin Debt was posted at….. $B550,851 -> another new all-time record in financial system leverage. Corrected for M1 money supply growth, the value is $B545,230 — not quite a new all-time high (that goes to Aprils’s M1 corrected value of $552B). Regardless we’re at a lofty perch this year. Nothing to see here.
NYSE Margin debt for July was posted at $549.9B (called it $550B) — the highest ever. Corrected for M1 money supply growth (an attempt to normalize to make comparisons across time more meaningful), it was $544.5B -the 2nd highest reading ever. April’s $550.6B (M1 corrected) remains the tallest margin debt skyscraper of all time. I should point something out regarding the chart above. Margin […] Read the rest of this entry
NYSE margin debt for May was posted. Adjusted for M1 money supply, it fell from approx $551B to approx $528B. I’m expecting a new all-time high to be reached this month at $555B. Nothing to see here….
NYSE Margin Debt set new all-time highs in April (as expected). Corrected for M1- money supply, the NYSE margin debt in April was ……. $550.6B. Those of you that’ve been following this site for a decade or more have watched this chart develop. Some of you recall the halcyon days of 2000 when a paltry quarter Trillion dollars of NYSE margin debt was the […] Read the rest of this entry
NYSE margin debt for March 2017 set a new all-time high of $536.3B, beating February’s record-setting $528.2B. However, corrected for M1 money supply growth, February remains the all-time high record holder at $532B, while March is $526B. I expect April to set new all-time highs irrespective of money supply growth. FYI, trailing 12month as-reported S&P500 earnings are now 16% higher than they were […] Read the rest of this entry
NYSE margin debt (one of 10 Greedometer inputs) set a new all-time record in February at $528B ($531B corrected for M1 money supply growth to normalize). Nothing to see here.
Earlier this morning I did a blog post wherein I wrote that I expect February NYSE margin debt would set a new all-time record (over half a $T!). A few minutes ago, the NYSE posted January’s margin debt data at $513B, setting a new all-time high. February’s will be higher than this and set another new all-time record ($516-520B). Margin debt usually sets a […] Read the rest of this entry
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.
This story tells itself. For those new to this story, it goes like this… NYSE margin debt previously reached new all-time highs a few months before the S&P500 peaked and initiated collapsing. Mind you, that time lag has been tightening to the point where margin debt will likely peak the same month as the S&P500. I will not be surprised to see M1-corrected […] Read the rest of this entry