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"On Wall Street isn't the simple answer to Where did the money go? that It was never there? In the terms that I can understand."

I wonder if those here who have the most insight into this phenomenon of "profit-taking" on sales of equities could comment: is this "money" fictitious in fact, or, rather, is it a matter more of whether one has bought real stuff in the nick of time with one's "profits", before they are unmasked as nothing but afflatus?

They tell us here in the US that about $3T has evaporated in the past week or two in the stock market. I doubt it can be that simple, but what do I know. Anyone care to fill me in here?

by MikeM on Thu Oct 9th, 2008 at 11:29:20 PM EST
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