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No Stupid Questions@lemmy.worldEnglish · 4 days ago

$1.8 trillion was wiped out from the US stock market yesterday, where did it go?

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$1.8 trillion was wiped out from the US stock market yesterday, where did it go?

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No Stupid Questions@lemmy.worldEnglish · 4 days ago

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gandalf_der_13te@feddit.org
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2 days ago

because it was never real. Market cap is not the same as cash

btw cash is no more real than company shares. both are paper and numbers in a database.
- Squizzy@lemmy.world
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  2 days ago
  Are we going down the gold standard discussion path here?
  - EvilHankVenture@lemmy.world
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    2 days ago
    Gold standard is just moving the arbitrary holder of value down the line.
    - bitjunkie@lemmy.world
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      2 days ago
      Shiny rock also has no intrinsic value

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