http://www.nyxdata.com/nysedata/asp/factbook/viewer_edition.asp?mode=table&key=3153&category=8
We are getting close to the 2007 peak.
This is the 2nd highest reading ever.
History has shown peaking of margin debt is one of the best and most reliable indicator of market tops.
Keep and eye on this and if the next 6 - 12 months we see a peak and margin debt trail lower - the signal will be there - WE HAVE PEAKED.
This will be a peak in the market that will hold for a very long time in my view if we are to witness the great deflationary shock.
We are getting close to the 2007 peak.
This is the 2nd highest reading ever.
History has shown peaking of margin debt is one of the best and most reliable indicator of market tops.
Keep and eye on this and if the next 6 - 12 months we see a peak and margin debt trail lower - the signal will be there - WE HAVE PEAKED.
This will be a peak in the market that will hold for a very long time in my view if we are to witness the great deflationary shock.
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