Margin tradingI had a thought overnight. Dr Keen's margin trading versus stock market movement chart may not be all that it seems at first sight. It presents a chicken and egg problem. Does the margin trading drive the market or does the market encourage margin trading. I would guess it's a bit of both. Nevertheless the availability and take up of credit is linked to QE. And the relationship between stock brokers and banks provides a mechanism for all that money to find its way into the market.
And what comes next?I have been bleating incessantly: What do I do next? What should I do now? The market continues onward and upward and I don't want to miss that train. But is it too high? Should I take my profits? Moan, moan moan.
Monday will not be like that. I know exactly what to do. Have a look at the chart. You all know hat I think about volume spikes..