Now we are getting into the uh-oh region:
(See our prior discussion on what this may or may not mean here)
Bloomberg News has the details:
The amount of money borrowed from brokerages that do business on the New York Stock Exchange to buy stock rose 3.6 percent to a second straight monthly record, reaching $295.9 billion in February. Margin debt, as the borrowing is called, in January broke the prior high set at the peak of the so-called Internet bubble.
Changes in the level of margin debt have mirrored those of U.S. stock indexes. After setting an all-time high of $278.5 billion in March 2000, margin debt dropped to less than half that amount by September 2002. It reached $285.6 billion in January.
UPDATE: March 19, 2007 5:05pm
As I read the NYSE rules on this, I do not believe Shorts are included in this;
-Rule 421. Periodic Reports
Its borrowed money — not margin data — that matters . . .
NYSE Margin Debt Advances 3.6 Percent to Second Straight Record
Bloomberg, 2007-03-19 14:39
Margin Levels Hit New Record http://bigpicture.typepad.com/comments/2007/02/margin_records_.html
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.