4 ms·
750 points sounded much scarier when the DOW was below 10000. Now it's just 3%.
by std_throwaway 7y ago
750 points sounded much scarier when the DOW was below 10000. Now it's just 3%.
- rdtwo 7y agoGood point to keep in mind
- sixothree 7y agoI don't want to think about the dollar value I've "lost" today. But yeah, 3% here, 1% there. Meh. It's all a wash. /s
- std_throwaway 7y agoStock valuation is not money. You get money if you sell. The stock is a virtual valuation. You need to sell to make it real. You only lost imagined money.
- leroy_masochist 7y agoStock valuation is an up-to-the-second price for a highly liquid asset that is fungible to cash; a good comparison would be the exchange rate affecting the value of the "cash" in your checking account, which is not actual cash, but rather an IOU for cash. "Imagined money" is not a good way to describe stock valuation.
- deleted 7y ago[deleted]
- Smithalicious 7y agoAs many a person who bought bitcoin at 20k will tell you... Then again, last time I checked bitcoin was on the up trend again.
- j7ake 7y agoAt current interest rates, 3% is nearly a year of interest gone.
- adventured 7y agoIf it were actually guaranteed to be gone, that would matter as a comparison point. The market however obviously isn't fixed and can rise or fall, bounce back or not. There's nobody that can consistently, accurately predict near-term moves. The market could be down another 3% this time next week. Or it could snap back - emotional over-reaction - and recover most of this loss in the next week or three (sentiment on Wall St suddenly changes to eg: this means the Fed will have to step in and cut rates further, so stocks rise back up; it's just about impossible to tell how the wind will blow in the coming weeks, even if there is a hint of real bearishness about re the trade war & China).