To: blam
Stock prices are down about 10% since then… leaving the rich $2.4 trillion less rich. On paper. Unless the companies go belly up, or they were planning on selling the stocks, it hasn't really changed their wealth. If you owned 5% of a profitable company a week ago, you still own 5% of a profitable company.
4 posted on
08/27/2015 3:23:43 PM PDT by
Hugin
("First thing--get yourself a firearm!" Sheriff Ed Galt)
To: Hugin
“On paper. Unless the companies go belly up, or they were planning on selling the stocks, it hasn’t really changed their wealth. If you owned 5% of a profitable company a week ago, you still own 5% of a profitable company.”
Unless of course you want to sell. Then you’re SOL.
Right?
6 posted on
08/27/2015 3:25:26 PM PDT by
Lurker
(Violence is rarely the answer. But when it is it is the only answer.)
To: Hugin
On paper. Unless the companies go belly up, or they were planning on selling the stocks, it hasn't really changed their wealth. If you owned 5% of a profitable company a week ago, you still own 5% of a profitable company. That's not how things work.
It's called "Mark to Market".
Look it up.
8 posted on
08/27/2015 3:28:02 PM PDT by
Zeneta
(Thoughts in time and out of season.)
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