Margin Debt Climbs In February

Margin debt climbed almost $21 billion in February, according to the NYSE. The accumulated total hit $310 billon, while the market entered a correction by 18th of February 2011. Mr. Market has been doing a great job sucking in all the Johnny Come Lately's, as S&P 500's price sits at 1310, which about 5.5% higher than in April 2010 highs at 1240, however the margin debt has jumped by almost $48.5 billion. To put this into perspective, the overall increase in margin debt since March 09 lows has been $137 billion.