“Deutsche Bank has a monster note out on margin debt that has been making the rounds.  The conclusion of the note is rather simple – today’s euphoric borrowing on margin to buy stocks is reminiscent of past bubbly equity market periods (see here for more).  The note reviews commentary from the 1999 & 2007 periods and compares it to what’s being said today.  So, are we in a 2007 or 2000 type environment?  Yes.  I would say we are given that the data is confirming the same sort of market trends and debt trends.  But the question is what’s the trigger?  The market is kind of like a Jenga set at this stage in the cycle.”

http://www.businessinsider.com/deja-vu-on-margin-debt-2013-7

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