Saturday, December 2, 2017

Market Highs and Margin Debt

Spent the last year
Rocky Mountain way
Couldn't get much higher
--Joe Walsh

'Dow 24K' was the major market headline this week. Needless to say, margin debt marking all time highs was not deemed headline worthy.

All speculative blow offs occur in environments of cheap debt and high leverage.

Without exception.

no positions

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