Today's chart of the day in investor sentiment and positioning we get by looking at the NY Stock Exchange Margin Debt. A recent report by the NYSE showed that margin debt increased by a staggering 6.5% in just one month (April). This is one of the biggest monthly increases and now pushes margin debt levels to above $500 billion.
Relative to GDP, margin debt speculation now accounts for 2.8% of the US economy, which is the same level it stood in March 2000 - just before the Tech bubble burst. You've been warned!
Chart Of The Day: NY stock exchange margin debt rises to record highs!
Source: Short Side of Long