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Strategies & Market Trends : Mike's Big Adventure Trading Forum -- Ignore unavailable to you. Want to Upgrade?

To: DaWentz who wrote (1446)	2/20/2007 9:48:24 PM
From: Square_Dealings	Respond to of 1791

CBLI nice. I think CYTR is going to 7 but its probably due for a rest around here. Maybe time to tread lightly here on the market overall, getting to a high risk zone imo. Too many fearless margin players right now I think. ULBI need tight stop too, not real thrilled with the action there last week. bloomberg.com NYSE Margin Debt Reaches $285.6 Billion, Topping 2000 Record By Nick Baker Feb. 20 (Bloomberg) -- The amount of money borrowed from brokerages that do business on the New York Stock Exchange to buy stock reached a record $285.6 billion last month, topping the prior high set at the peak of the so-called Internet bubble. Changes in the level of margin debt, as the borrowing is called, have mirrored those of U.S. stock indexes. After setting an all-time high of $278.5 billion in March 2000, margin debt dropped to less than half that amount by September 2002. The Standard & Poor's 500 Index and Dow Jones Industrial Average set records in January and March of 2000, respectively. They reached their nadirs on Oct. 9, 2002, by declining 49 percent and 38 percent. The subsequent bull market has put the S&P 500 4.6 percent away from a record, and the Dow at an all- time high. Investors with cash accounts at brokerages must pay the full purchase price themselves when buying shares. Through margin accounts, they can borrow as much as half the money. NYSE Group Inc.'s New York Stock Exchange, the world's largest stock exchange, released the margin-debt data for December today. To contact the reporter on this story: Nick Baker in New York at nbaker7@bloomberg.net . Last Updated: February 20, 2007 17:56 EST m.