Nevertheless, benchmark progress has been insubstantial
since margin debt peaked.
So far, real S&P 500 growth has managed to hold up
since margin debt peaked a little more than a year ago.
Not exact matches
LBO's introduce way too much
debt to allow any of it to ever be re-paid, especially
since so many categories in retail operate on low
margins in the first place.
Although it is less than 2 per cent of total household
debt, growth in
margin lending has accounted for over a fifth of the rise in banks» personal lending (excluding credit cards)
since 1996.
There have only been four times
since the turn of the century when
margin debt pulled back by 6.7 % or more — April 2000, August 2007, May 2010 and August 2011.
Margin debt is at its highest level
since the 1920s, though as a percentage of market capitalization, it is lower than it was in 2000.
[Backing out the (unnecessary) USD 1 million TAF / ASSF bad
debt charge from the LTM P&L (
since it was subsequently collected), Argo's underlying operating
margin is actually 9.5 %].
Perhaps ominously, all three circumstances currently exist, with
margin debt at an all - time peak and IPOs at their highest level
since 2007.
Yet even that may be ending:
since we are looking at the
margin, it makes sense to present David Rosenberg's observations on what it is that he is looking at the moment, which appropriately enough, is NYSE
margin debt, whose 12 month trailing average has just turned negative: traditionally an important inflection point.
4) NYSE
margin debt of $ 327 billion is the highest
since Feb 2008.