Leverage Back to Pre-Recession Levels
Posted at 8:45 a.m. on March 7
“Leverage, as measured by NYSE Margin Debt data, was up 31.6% on the year in January and 10.2% on the month to $364 billion, approaching the July 2007 peak of $381 billion,” according to FINalternatives.
Said BofAML analyst Mary Ann Bartels, “Current readings indicate that investors are becoming more confident in the equity market, which generally supports further upside. Just short term levels have gotten a bit ahead of themselves with cash levels now drawn down to levels which typically result in market correction.”