Investor Net Worth Evaporating Much Like 2000, 2007 and 2011

We apologize in advance for simply regurgitating a piece of SentimenTrader analysis.

Sure enough, it’s a cop-out to do so and a highly unoriginal, non value-added exercise.

That said, every once in awhile it’s worth passing along.

On Friday they pointed out that equity balances in NYSE accounts (effectively cash less margin debt) have declined to among one of the most negative levels on record.

The chart below highlights the other three times net worth has been as negative as it currently is.

Ostensibly, not such a good thing when everybody has levered up to buy stock.