Comment on $1.8 trillion was wiped out from the US stock market yesterday, where did it go?
Sludgeyy@lemmy.world 1 day ago
ELI5
There are 10 Charizard Pokémon cards in existence (# of outstanding stock)
Each card is worth $100 today, $1,000 total value
Tomorrow the price falls to $90, $900 total value
$100 was “wiped”
If the charizard card is worth $80, $90, $100, or $110 will continue to play out.
If it did the opposite happened and price of each card went to $110 then you could say $100 was “injected” into the market.
skeezix@lemmy.world 1 day ago
that’s a lot of words for blowin smoke up your ass
Natanael@infosec.pub 22 hours ago
You shouldn’t let a Charizard do that it’s not safe
No_Eponym@lemmy.ca 21 hours ago
Also, if you do that kind of stuff with Charizard and people find out, it’s gonna be hard to get a job anywhere but the FBI.
svtdragon@lemmy.world 9 hours ago
Can Pokemon consent?