Margin Hi Wave,
Remember that link I shared a couple of weeks ago on margin debt? Well as predicted April's numbers are now official a historic record from what I can see. Even higher than at the peak in 2007.
The crash is going to be big. Might have already begun. Asian markets tonight are pulling back. The Nikkei is down 5.3% at this hour. I think people selling now are the ones who will keep their magical QE driven gains. All those who are long, who believe the market reflects the true economy are going to be left holding bag. Let's see what happens.
| End of month | Margin debt | Free credit cash accounts | Credit balances in margin accounts |
| January | $364,107 | $116,663 | $170,229 |
| February | $366,139 | $116,742 | $179,132 |
| March | $379,522 | $118,899 | $168,404 |
| April | $384,370 | $115,732 | $162,753 |