实在是不想打击大家的热情，但是危险临近了，看看数据吧！# Stock
N*3
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Buying stocks on margin. Using borrowed money to buy stocks is a sign that
investors think the outlook for stocks is bright. In January, a record $451.
3 billion in margin debt was reported by the New York Stock Exchange. That's
more than the $345.4 billion near the peak in October 2007 and the $278.5
billion borrowed against stock portfolios back in March 2000.
Rising margin debt is a "worrisome sign," says McMillan. The borrowed money
fuels stock purchases and keeps the market momentum going. The problem is
that when stocks head south, investors have to repay those loans at the same
time the value of their stock portfolios is declining.
"Margin debt is like using a mortgage to buy stocks," says McMillan. "Often,
investors have to sell stocks to pay off their margin debt. And that drives
down prices."
investors think the outlook for stocks is bright. In January, a record $451.
3 billion in margin debt was reported by the New York Stock Exchange. That's
more than the $345.4 billion near the peak in October 2007 and the $278.5
billion borrowed against stock portfolios back in March 2000.
Rising margin debt is a "worrisome sign," says McMillan. The borrowed money
fuels stock purchases and keeps the market momentum going. The problem is
that when stocks head south, investors have to repay those loans at the same
time the value of their stock portfolios is declining.
"Margin debt is like using a mortgage to buy stocks," says McMillan. "Often,
investors have to sell stocks to pay off their margin debt. And that drives
down prices."
