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Post by Deleted on Feb 6, 2018 0:49:52 GMT
I ask this because I'm not expertly knowledgeable on the workings of the stock market. On a day like today, does the stock market drop represent a overall net loss of wealth. Certainly, people lose wealth when their stock value goes down, but did that wealth go anywhere? Did someone or a group of someone's take that wealth out?
For example, what triggered the decline today. Simply a prospective lowering of future expectations or a sell off by people who took the wealth out? |
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Post by Deleted on Feb 6, 2018 11:57:45 GMT
I don't pretend to know anything about economics.
I'm just plain stupid when it comes to money.
But the whole stock market seems like nothing more than a gambling hall to me.
Nothing is actually produced there. No goods. No services. Nothing.
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Post by ebuzzmiller on Feb 6, 2018 12:05:10 GMT
It was growing too quickly, and this was a needed correction. The market didn't so much crash but prevented itself from turning into a runaway train.
There was no huge loss or anyone being wiped out, just a correction to how profitable it is.
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