Bailey McCann, Opalesque New York: Leverage, as measured by NYSE Margin Debt, declined by 6.7% year-on-year
(YOY) to $289.4bn in February according to a new BofA Merrill Lynch Global Research report, released today. Overall, leverage was up $276.5bn notional last month above the June 2010 low of $231bn.
"Once leverage bottoms and begins to turn positive
would be a good signal that the equity market is likely to have a sustainable bull
market rally," writes Mary Ann Bartels, ......................