@roninsana: Bank of America is telling its clients to start protecting their profits... again. This time it's not about bubbles... it's about margin debt which has jumped 54% in just one year. That matters because similar surges showed up right before the market tops of 2000, 2007, and 2021. When people borrow heavily to chase a rising market, it tends to signal the rally is running on fumes. Bank of America is not predicting disaster. It is advising caution, suggesting investors lock in some gains and add protection rather than assume the climb continues forever. After a powerful run to record highs, that is a message worth hearing. Comment SUBSTACK below and I'll send you my newsletter. Every morning I break down what is moving markets and what it actually means for your money. #StockMarket #BankOfAmerica #Investing #MarketRisk #MessageOfTheMarkets