Tuesday, December 23, 2014

1999 Deja Vu? Not Hardly

Borrowing money to buy stocks, visualized
NYSE Stock Market Margin Debt


The Hotel Californication Visualized
NYSE Margin Debt (all time high) versus NYSE Trading volume (multi-decade low)


They don't wake you up from a stoned coma, at the top
Rest of the World combined as a ratio of the S&P:


Corrupt zombies, after 2008, swore this would never happen again. They won't be in a position to make that mistake again. They had their day at the mall.