The New CS Board

[jumanji0881]

"I Don't Know WTF I'm Doing... But I'm Making Money" - Despite Correction, Investors Are Exuberant : https://www.zerohedge.com/markets/i-dont-know-wtf-im-doing-im-making-money-despite-correction-investors-are-exuberant

My comment : Leverage will make the next correction huge

Excerpts:
“Margin debt is not a technical indicator for trading markets. What margin debt represents is the amount of speculation occurring in the market. In other words, margin debt is the ‘gasoline,’ which drives markets higher as the leverage provides for the additional purchasing power of assets. However, ‘leverage’ also works in reverse as it supplies the accelerant for more significant declines as lenders ‘force’ the sale of assets to cover credit lines without regard to the borrower’s position.”

Currently, the exuberance of investors is on full display. With a fresh round of “stimmy” checks reloading bank accounts, margin debt as a percentage of real disposable incomes has shot to record highs

We remain “bullish” on the markets currently as momentum is still in play. However, it is likely that by mid-summer we will see a decent correction as the “peak” in the economic and earnings data becomes visible.