taken from Kass’ comments on realmoneypro today:

And margin debt — the straw that stirs the market’s drink — reached another high in October of $413 billion (+3% month over month after rising 5% in September). In fact, margin debt is approaching the March 2000 and July 2007 highs as a percentage of GDP. Currently, margin debt is about 2.4% of nominal GDP vs. 2.6% in July 2007 and 2.8% in March 2000.http://realmoneypro.thestreet.com/dougs-daily-diary

SCARY!!! take profits?