Old gripe of mine. I hate this phrase: investors saw nearly $1 trillion of value erased from U.S. stocks in just minutes. No. They did not. A stock's value is

Old gripe of mine. I hate this phrase: investors saw nearly $1 trillion of value erased from U.S. stocks in just minutes. No. They did not. A stock's value is not "what some other dude is payed for it yesterday"; its value is whatever money you get when you sell it (plus, God forbid, whatever dividends it pays -- quaint idea, I know).