Comment on $1.8 trillion was wiped out from the US stock market yesterday, where did it go?
BlackLaZoR@lemmy.world 2 days ago
It didn’t go anywhere, because it was never real. Market cap is not the same as cash. The fact that Apple stock multiplied by its price doesn’t mean you can sell trillion worth of apple stock and get trillion dollars in exchange. At that point price starts to respond to your transaction
gandalf_der_13te@feddit.org 2 days ago
btw cash is no more real than company shares. both are paper and numbers in a database.
Squizzy@lemmy.world 2 days ago
Are we going down the gold standard discussion path here?
EvilHankVenture@lemmy.world 2 days ago
Gold standard is just moving the arbitrary holder of value down the line.
bitjunkie@lemmy.world 1 day ago
Shiny rock also has no intrinsic value