Margin Debt Soars To New Record; Investor Net Worth Hits Record Low

The correlation between stock prices and margin debt continues to rise (to new records of exuberant "Fed's got our backs" hope) as NYSE member margin balances surge to new record highs. Relative to the NYSE Composite, this is the most &qu… [...]

Circular Bubble Logic

Some have suggested that the surge in "bubble-talk" implies there can be no popping of the bubble, Pater Tenebrarum has a different perspective… Submitted by Pater Tenebrarum of Acting-Man blog, Interest In Bubbles Makes them Disappear &nda… [...]

Guest Post: Earnings & Profits Per Share Suggest Overvalution

Submitted by Lance Roberts of Street Talk Live blog, Today's chart of the day was the result of a question by my friend Richard Rosso who asked if corporate profits were suggesting that the current market environment was becoming overvalued. … [...]

Stock Market Bubbles And Record Margin Debt: A (Repeating) History Of Ignoring All Warnings

It is well-known that as part of the S&P500′s ascent to new records, investor margin debt has also surged to all time highs, surpassing for the past three months previous records set during both prior, the dot com and the housing, stock market bubb… [...]

Are We There Yet?

I’ve written this article for Institutional Investor Magazine.  I feel very passionate about the topic and thus could not compress all my thoughts into 800 words.  I expanded it and it was published in John Mauldin’s Outside … [...]


Another day, another ugly glimpse of economic reality, another volume-less bid for every dip in stocks as momentum is all. Today, it seems, the bullish meme remains: earnings, which we know were abysmal if judged correctly (and appear extended longer-t… [...]

So David Einhorn is the Dumb Money on Apple

  By EconMatters   Think before going on CNBC   This was the more revealing takeaway from David Einhorn`s whining on CNBC over his stuck Apple position, and throwing Amazon under the bus in the process. The more these guys go o… [...]

The Smart Money Will Be Selling into Wednesday’s Rally

  By EconMatters Not a Bear in Sight Everybody and their uncle is long this market right now, and equities have had a nice run with no pullbacks. The smart money will be selling into the rally to maximize profits by getting out when there… [...]

Buy and Hold Is Dead … Did It EVER Work?

CNBC, Market Watch, Forbes, Kiplinger, Wall Street Journal, CNN Money, The Street, Mark Cuban and others say that buy and hold is dead. Lubos Pastor of the University of Chicago Booth School of Business and his colleagues have recently documented that… [...]

SocGen’s Albert Edwards Lowers Equity Allocation To Minimum On Fears "Fed Will Destroy The World"

It has been a while since we heard from SocGen’s uber-soothsayer Albert “Ice Age” Edwards. He is now back, and with quite a bang, reiterating a line from Marc Faber that will prove 100% accurate in a few short years. The French bank’s forecaster, who … [...]