>>I’m not a financial pro, but I can translate some of what is in that article. What would you like to know first?<<
What should a typical middle-aged American working man (renter; middle-of-the-road, DJ30-stocks-investor) do (assuming that whatever this article says is to be believed)?
Let me guess: Divest stocks and switch to physical gold?
No, right now you should keep an eye on what the market thinks of the situation.
If you see the market start to collapse under a cascade of hedge funds failing due to margin calls, and then investment banks who loaned money to hedge funds being stiffed for the margin loan because the hedge fund assets, when sold, brought pennies on the dollar — then I’d start getting defensive.
Until then, the situation bears watching by the small investor — possibly every day.