The derivatives market is, in a word, gigantic—often estimated at over $1 quadrillion on the high end. How can that be? Largely because there are numerous derivatives in existence, available on virtually every possible type of investment asset, including equities, commodities, bonds, and currency.
The derivatives leverage game is far, far, FAR larger than margin trading was in the 20s.
I was going to say the same thing but you beat me to it. This crash is going to be far worse because of those derivatives.
automatic updoot for username