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Better to have had it and lost it or not to have had it? I lost $100 million
They were living too high on the hog. Four houses? Helicopter? It's okay to live nicely but as @Dex put it, why not put some of that money to the side?
My big question is, if they had four houses why were they living at the Ritz?
Dex: Hard to understand you taste in quality journalism ! You just trashed Tom Lauricella, who is leaving the WSJ, and then proceeded to link a tabloid article from The New York Post. Regards, Ted
Disgusting. I'd never resort to such phraseology. Hell, one fellow here don't even know what the stuff looks or smells like.
Excuse the interruption, but on the Kindle today I hit upon a good Reuters article about how margin debt (buying equities with borrowed $$) has hit a recent high. Generally, this precedes a sharp sell off. Dex's byline made me think of it.
Can't find the link right now. Waiting out a potential rain shower while trying to get some outdoor painting in. Doesn't look good.
"One looming concern is the steady increase in investors using borrowed money to buy stocks. Total margin debt hit a record $507 billion in mid-April, according to the most recent figures from the New York Stock Exchange, trending higher along with the S&P.
"There's complacency, more complacency than I'm comfortable with. It makes me nervous," said Leo Grohowski, chief investment officer at BNY Mellon Wealth Management in New York. "Market participants don't seem prepared for an uptick in volatility, which is consistent with high levels of margin debt."
High levels of margin debt do not necessarily mean a selloff is coming. But they can make selloffs more violent should volatility pick up."
Comments
My big question is, if they had four houses why were they living at the Ritz?
Regards,
Ted
http://www.mutualfundobserver.com/discuss/discussion/21604/what-american-pharoah-s-win-means-for-the-market#latest
http://www.mutualfundobserver.com/discuss/discussion/21596/top-ten-movie-sets-ever-built#latest
http://www.mutualfundobserver.com/discuss/discussion/21606/your-sunday-night-dinner-cocktail-market-stat#latest
Regards,
Ted
Regards,
Ted
Excuse the interruption, but on the Kindle today I hit upon a good Reuters article about how margin debt (buying equities with borrowed $$) has hit a recent high. Generally, this precedes a sharp sell off. Dex's byline made me think of it.
Can't find the link right now. Waiting out a potential rain shower while trying to get some outdoor painting in. Doesn't look good.
Well - better get the aluminum ladder down. Not a good place to be standing in an electrical storm!
http://www.phillyvoice.com/ukewarm-stock-market-investors-betwixt-between/
"One looming concern is the steady increase in investors using borrowed money to buy stocks. Total margin debt hit a record $507 billion in mid-April, according to the most recent figures from the New York Stock Exchange, trending higher along with the S&P.
"There's complacency, more complacency than I'm comfortable with. It makes me nervous," said Leo Grohowski, chief investment officer at BNY Mellon Wealth Management in New York. "Market participants don't seem prepared for an uptick in volatility, which is consistent with high levels of margin debt."
High levels of margin debt do not necessarily mean a selloff is coming. But they can make selloffs more violent should volatility pick up."