'Tard Baldy's pump needs it's own thread, the ruse of this market in a nutchell
Every market is highly leveraged, banks are, businesses can well be.
The leverage rate in a healthy market is 20:1 or maybe a bit more, assuming few want to take their money. That is that for every $1 that flows into a bull market the market valuation that day may rise $20, nothing new there.
This market is much more highly leveraged, unprecedented as a matter of fact unless the 1930s may be greater.
"The index has climbed 130 percent since March 2009, adding $10 trillion to the value of American equity"
Anyone who would so misuse the word "equity" has to be a complete fiscal moron. Equity are tangible assets.
As an example of one pumped, highly manipulated stock Chipolte rose $4/share on under 5,000 shares traded.
According to 'Tard Baldy's market moron that means less than $200,000 invested because the DOW was being pumped increased the "equity" of the U.S. (Chipolte market cap) over $110,000,000.
That is a 560:1 leverage of dollars invested to market cap increase. That is conservatively 5 times anything normal and with no market consolidations recently nearly pure air.