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Traders work on the main trading floor of the New York Stock Exchange (NYSE) shortly after the opening bell in New York, in this file photo from May 20, 2013.
Traders work on the main trading floor of the New York Stock Exchange (NYSE) shortly after the opening bell in New York, in this file photo from May 20, 2013.
(Mike Segar/Reuters)

SCOTT BARLOW

Don’t panic over U.S. margin debt’s new highs

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The practice of buying stocks with borrowed funds becomes most popular at long-term market peaks, so it’s a bit disconcerting that total U.S. margin debt is revisiting the all-time high levels of 2006. Thankfully, there’s good reason to ignore the negative implications of the reading in the current market.