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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: russwinter who wrote (1335)	10/8/2003 11:23:41 AM
From: Jim Willie CB	Read Replies (1) \| Respond to of 110194

thanks, Russ I found this article from California newspaper lost in the Economagic numbers is the NASD huge balloon thanks a bunch, jim bayarea.com it said... Overall, investors have borrowed $174.4 billion to buy stocks as of July, the most recent complete data. That marks a 25 percent increase since the end of last year. While that is still substantially below peak levels of nearly $300 billion of margin debt in early 2000, market researchers point out that a big slug of the increase has taken place at brokerage firms regulated by the National Association of Securities Dealers. Of particular concern: Margin use through brokerage firms registered with the NASD has more than quintupled since the end of last year to nearly $26 billion. That actually exceeds the $21.4 billion investors borrowed through NASD firms at the market peak in March 2000. Margin debt reported by firms regulated by the New York Stock Exchange are substantially larger at $148.5 billion but have grown just 10.5 percent this year. "This tells you the bubble is back," says Charles Biderman, chief executive officer of TrimTabs.com Investment Research. "If you look at the big trading-volume increase happening at online firms, and you look at what the hot stocks are at those firms, that tells you people aren't buying General Motors."