Chart of the Week: NYSE Member Firms’ Client Margin

Tuesday, April 19, 2005 | 12:23 PM

e last addressed Margin debt back in September 2003. At that time, we noted that margin was only modest, and represented little danger to the market. As the chart below shows, Margin has scaled up significantly. At present, while Margin debt is 20% below its 2000 peak, it’s the highest it has been since early ‘01.

NYSE Member Firms’ Client Margin
click for larger chart


Source: NYSE

It is at the greatest spread relative to the Nasdaq since the last time we last addressed the issue. Margin debt holds the additional risk of “forced selling” into any further weakness. As we saw post-2000, the daily liquidations exacerbated the downward movement as the markets collapsed.

Random Items:

Here It Comes: The Sarbanes-Oxley Backlash

The Cruelest Month?

How to Pick the Tech Winners

Higher Oil Prices Can't Do the Work of the Fed

The Long Emergency

Genius loves company

Quote of the Day:

"I have no special talents. I am only passionately curious."
-Albert Einstein

Tuesday, April 19, 2005 | 12:23 PM | Permalink | Comments (0) | TrackBack (0) add to | digg digg this! | technorati add to technorati | email email this post



TrackBack URL for this entry:

Listed below are links to weblogs that reference Chart of the Week: NYSE Member Firms’ Client Margin:


The comments to this entry are closed.

Recent Posts

December 2008
Sun Mon Tue Wed Thu Fri Sat
  1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31      


Complete Archives List



Category Cloud

On the Nightstand

On the Nightstand

 Subscribe in a reader

Get The Big Picture!
Enter your email address:

Read our privacy policy

Essays & Effluvia

The Apprenticed Investor

Apprenticed Investor

About Me

About Me
email me

Favorite Posts

Tools and Feeds

AddThis Social Bookmark Button

Add to Google Reader or Homepage

Subscribe to The Big Picture

Powered by FeedBurner

Add to Technorati Favorites


My Wishlist

Worth Perusing

Worth Perusing

mp3s Spinning

MP3s Spinning

My Photo



Odds & Ends

Site by Moxie Design Studios™