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No Stupid Questions@lemmy.worldEnglish · 3 days ago

$1.8 trillion was wiped out from the US stock market yesterday, where did it go?

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$1.8 trillion was wiped out from the US stock market yesterday, where did it go?

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No Stupid Questions@lemmy.worldEnglish · 3 days ago

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Valuation owes more to perception than utility. If the perception of worth shrinks, the price deflates accordingly.

So it is not actual value of anything that disappeared, but rather that prices fell.

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