A quick follow up to the Margin issue we looked at in September (NASD Firm Margin Levels Spikes to Record Levels 9/17):
The NASD website reveals a significant drop in NASD firm margin, from just under $26 billion dollars in July 2003 ($25,977,000) to an August 2003 level of $17.5 billion dollars ($17,540,000).
At the same time, NYSE-designated clearing firms saw a slight uptick in margin levels. Note that the NYSE firms have significantly more assets under management than NASD firms. The NYSE firms saw their margin levels move from $148.5 billion ($148,450,000) in July 2003, to $149.7 billion ($149,660,000) in August 2003.
The combined NASD/NYSE margin total actually went down in August: $175.4 billion ($174,427,000) to ($167,200,000) in August.
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.