(03-06-2020, 01:54 PM)HURRICANE!!! Wrote:

(03-06-2020, 12:54 PM)KingIngram052787 Wrote: I know what you mean, but no money is disappearing. If you buy $100 worth of stock and the value goes up to $150, you didn't make any money until you sell it because you aren't just given $50 as soon as it goes up, the value is based upon supply and demand and the fair market value that someone out there is willing to pay you $150 for it.

Same notion goes for when a stock goes down.  It's not worth to other people who want to buy at the time what it was when you bought it.  The same really could be said for when you buy any asset.  Think of a house, for example, the exact same concept applies, we just don't have a marketplace or exchange that actively tracks the value of your home in real time on a daily basis with active traders like we do with the stock market.

Agree.  All examples are not liquid assets and only represent the FMV of what someone is willing to pay but it blows my mind that $3.4 TRILLION DOLLARS were wiped out of the stock market last week and probably about $2 Trillion this week.

poof ---- gone