cat_fishing@feddit.online to No Stupid Questions@lemmy.worldEnglish · 4 days ago$1.8 trillion was wiped out from the US stock market yesterday, where did it go?message-squaremessage-square135fedilinkarrow-up1298arrow-down110
arrow-up1288arrow-down1message-square$1.8 trillion was wiped out from the US stock market yesterday, where did it go?cat_fishing@feddit.online to No Stupid Questions@lemmy.worldEnglish · 4 days agomessage-square135fedilink
minus-squareWindex007@lemmy.worldlinkfedilinkarrow-up6·3 days agoNobody even HAS to sell their shares, the second part is what does all the lifting here: “and nobody ever buys the shares again”. If overnight, everyone just said “I have no interest in buying at any price” that’s the end of it. The shares are now worthless. Every seller needs a buyer. If “everyone sold their shares”, all that happened is the share owners changed.
Nobody even HAS to sell their shares, the second part is what does all the lifting here: “and nobody ever buys the shares again”.
If overnight, everyone just said “I have no interest in buying at any price” that’s the end of it. The shares are now worthless.
Every seller needs a buyer. If “everyone sold their shares”, all that happened is the share owners changed.