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No Capitulation Necessary
The Compound and Friends
Is This a Coincident Indicator?
margin debt is off the record high set last year and the speed of the deleveraging suggest excessive investor pessimism reversal from extremes Which we have not seen yet have been followed by above average gain. I generally have found margin debt to be like the most Coincident indicator. Yeah of all coincident indicators. Well, listen I think it's bullshit on the way trading volume by the way when it's trading volume at its peak what I always say And you know what else oh, yeah, but the price of gold the stock markets up with gold Yes, this was the whole thing. Oh, because it always looks like this is a this is a maniac bubble It's about the first
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