Thread FULL - U.S. Stock Market - Use New Thread!: Re: Margin Debt

» Rande - Re: Margin Debt

In response to message posted by Rande:

Here's the stats on margin debt (from LA Times, October 20, 2001):

Margin debt fell 10% to $144.7 billion from the end of August to the end of September, compared with monthly declines of less than 3% in the previous three months.

"The big [market] sell-off in September has washed out margin debt," said Donald Coxe, chief strategist at Harris Investment Management.

[The September sell-off] left margin debt equaling 1.1% of the market value of all U.S. public firms, about the same level in percentage terms as in the 1991 recession, said Charles Biderman, chief executive of Santa Rosa, Calif.-based investment research firm TrimTabs.com.

-- posted by Rande