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Margin rates are at all time highs, even higher than 2007.
Well, it's interesting and worth keeping an eye on, but I wouldn't get overly concerned about it at this point. People have been talking about high levels or margin debt since at least 2013. In October, 2007, the market peak before the 2008 crash, the total market cap of NYSE-listed stocks was about $18.3 trillion. Marin debt was $233 billion, or about 1.3%. In August of this year, total market cap stood at $19.6 billion, with margin debt of $471 billion, or about 2.4% of the total. Is that enough debt to cause a crash? I don't know, but offhand I would say no. And if it did I would be buying, as I was at the end of October, 2008 and into 2009 when a lot of people were being panicked out of the market.
NYSEData.com Factbook: Securities market credit ($ in mils.)
NYSEData.com Factbook: NYSE Group Shares Outstanding and Market Capitalization of Companies Listed