Mama Mia!
That’s a lot of
Margin Debt!
DYI: Just eye balling the level of margin debt and
no telling how many market participants have borrowed money from other sources
to purchase stocks. When the bubble
intersects with the pin the balloon world wide central bankers have inflated
will let out with one gigantic fart [OK I said it, one big stinky fart] stocks
will decline over many months 60% to 75%.
Think this without president?
Stocks declined from 1966 to 1981 a cumulative return of negative
10%! Or from 1929 to 1932 for a cumulative
return of negative 80%! When the next
recession hits I’m anticipating negative interest rates with a high probability
of 5 year or less T-notes with negative yields.
A lower possibility, if this turns into a deflationary smash, then 10
year T-bonds will go negative.
DYI
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