Margin Debt New Record (FINRA)
Stock Margin Accounts Net Worth (total margin debt minus free cash balances and credit) Finally Surpasses Dot-com Peak
Rate of Change In Net Worth
Total Margin Debt Scaled to Nominal GDP
Tobins Q (market value of corporate equities divided by corporate net worth)
Corporate Equities Scaled to GDP
Does any of this scream new bull market? Unless there really is a new normal this time, everything here looks like the final stage – however long that might take to play out.
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