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JEPI - The 'Index Of The Volume Of Speculation' Blows Off
JPMorgan Equity Premium Income
If we are to measure it by way of margin debt, then what we are witnessing is a level of speculation that dwarfs anything seen in modern times.
Not only is the overall level of margin debt hitting new highs, the 9-month increase in the total amount of margin debt also just soared to a new record.
It's hard to believe that off of such a massive base, the amount of debt used to speculate could increase so rapidly.