BTIG's Dan Greenhaus has one message in his note to clients on Wednesday: Stop worrying about margin debt. http://www.businessinsider.com/stock-market-margin-debt-2015-6#ixzz3c1Ou8FSC
Going to be quite a comedy show when all those try to exit at the same time and margin calls start to come due...so many forgot what a 5-10% dip feels like when there has been a record 6+ year bull market that when the collapse does come it will be a drop that many never witnessed before....but no worries ...this time its different ...record high margin debt means the bull market should last another 6 years...hahah...just keep buying on margin...and when it dips keep buying more on margin ...no such tthing as margin calls in this bull market...
Meanwhile, people who bought index based mutual funds and etfs in 2009 are laughing their way to the bank even if a correction occurs, who really cares ? If only you hadn't been a permabear in 2009 ( recommending shorting SPX at 1000 in fall 2009 ), think of how much money you could have banked by now, and that would be a huge buffer of insurance against any future market drops. Too bad you can't go back. I'd love to have seen your face if someone had told you in 2009 that you would be buying TNA in 2015 at these levels.