View: No One Will Ring The Bell At The Top

No One Will Ring The Bell At The Top

There was never a clearer sign of excessive bullish optimism than what is currently found within the levels of margin debt. Even as the markets sold off sharply in February, investors sharply levered up portfolios and increasing overall portfolio risk.


These folks couldn't be Slopers, could they ? 4/13/14
Good find on the chart! I've seen it presented before, but never that clearly. I like it! 4/13/14
what if all that margin is short ? lol 5/20/14
Highly unlikely the margin is short. The correlation and mechanistic positive relationship between margin balance and stock prices is too clear to ignore. In addition, most investors/traders don't short, they go long. Going short is for the "sophisticated". 5/20/14