$3.4T has been wiped out of the stock market in a week

Re:$3.4T has been wiped out of the stock market in a week by buboard on Friday February 28, 2020 @11:38AM (#22443991)

3.4 imaginary trillion

[ Parent | on HN ]

Re:$3.4T has been wiped out of the stock market in a week by ars on Friday February 28, 2020 @01:22PM (#22445003)

If you consider that money to be imaginary, then all money is imaginary.

Money only has value because people assign it value. So since people assign stocks value they have value.

It's logically inconsistent to consider this loss imaginary but other money to be real.

[ Parent | on HN ]

Re:$3.4T has been wiped out of the stock market in a week by buboard on Friday February 28, 2020 @05:06PM (#22446853)

this is not money, it's market cap

[ Parent | on HN ]

Re:$3.4T has been wiped out of the stock market in a week by gowld on Friday February 28, 2020 @09:19PM (#22448286)

Which people sell for money.

[ Parent | on HN ]

Re:$3.4T has been wiped out of the stock market in a week by samsonradu on Friday February 28, 2020 @12:36PM (#22444516)

Not sure why you were downvoted, considering the past central bank actions and current debt/deficit levels.

[ Parent | on HN ]