Also, margin debt is at a record high. This will cause a panic among
margin investors to sell while they can when the debt is called in.
I’m surprised it isn’t plunging faster...
They must not have decided to stop the music yet.
We are primed for a collapse again. Margin debt is stratospheric and the gains in the stock far outpace anything in the real economy. Same with EM’s. The unwind could get messy or worse than messy.