Red-Hot Resources

"Luck is not chance, it’s toil; fortune’s expensive smile is earned.”

Friday, February 23, 2007

Here's One for the Bears...

NYSE Margin Debt Reaches $285.6 Billion, Topping 2000 Record

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.

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