I will create a chart of one measure that I follow, perhaps more


Mish I screwed the accompanying explanation up, it's all margin debt, margin debt far exceeds cash: I thought "margin debits" meant cash, it does not, it just means outstanding-debt. That's finance for you with its inconsistent terminology.


January figures are out in the above link. Margin debt grew to a whopping 666 billion dollars whilst actual credit in the market continues to dribble away, I suppose to service the immense margin debt and/or to chase better returns in bonds and other money markets; Dalio's great "sidelines."

The question is, why should stocks attract cash back from Dalio's sideline market accounts?