The Rise of Hidden Leverage in the Stock Market

The big question last week was, is this going to create a ripple effect where it starts bringing down other players that were exposed to these stocks that were getting hit? It looks right now that maybe it's relatively contained, but if you've got different data, please let me know. And we have lots of these kinds of things now in the system that we can assume they're there. We haven't really seen them because they haven't blown up yet. But then there are all these other options that aren't reported with leverage like margin debt and so on.