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Near-Record NYSE Margin Debt Leads to Caution: Chart of the Day

Borrowing to buy U.S. stocks is close enough to a record to cause concern that prices may not rise much longer, according to Cullen Roche, founder of Orcam Financial Group LLC.

The CHART OF THE DAY compares the total amount of margin debt at New York Stock Exchange member firms, according to data compiled by the exchange, with the performance of the Standard & Poor’s 500 Index.