MaoXian Means Take a Risk
Wednesday, November 14

Mo Margin Mo Problems*

41% drop YOY Margin Debt (Source: Federal Reserve Board)

It's difficult to buy stocks on margin when all your marginable holdings are worth $43.26. ;-) Nevertheless, you can see from the chart that when the index drops below -20 it's not a bad time to buy stocks.

Busy week here with three midterms, so I haven't been able to screw around on the Net as much as usual. I was able to put up a page of links devoted to interesting economic and statistical websites.

* Apologies to the late Christopher G. Wallace

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Chairman MaoXian