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General Discussion

former9thward

(31,997 posts)

9. No, it didn't vanish.

Reply to workinclasszero (Original post)

Mon Jun 27, 2016, 04:23 PM

Jun 2016

It will come back and fairly quickly as investors come to their senses. The value of the assets remain the same. The only people who "lost" anything are people who foolishly sold stocks at a lower value on Friday, assuming Brexit was the reason they sold them.

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Highlight:

Brexit crash wiped out a record $2.1 trillion. Now what? [View all] workinclasszero Jun 2016 OP

Closing in on 3 Trillion as the day grows longer. Wellstone ruled Jun 2016 #1

Vaporized? Cracklin Charlie Jun 2016 #2

No, that doesn't follow. Igel Jun 2016 #7

This instability has far reaching implications vintx Jun 2016 #3

Many of that loss is in 401k's and pensions. iandhr Jun 2016 #4

Financial Crisis Cost Tops $22 Trillion, GAO Says Rex Jun 2016 #5

That's okay because only the super wealthy are affected. randome Jun 2016 #6

For some, the discomfort experienced by the 1% is worth the agony experienced by those less well off Igel Jun 2016 #8

No, it didn't vanish. former9thward Jun 2016 #9

You mean a bunch of money-wranglers... ljm2002 Jun 2016 #10

Pension stocks and 401(k)s took a beating, as well. And inflation will be right around the corner. randome Jun 2016 #11

My mom lost money for her retirement. Starry Messenger Jun 2016 #12

Latest Discussions»General Discussion»Brexit crash wiped out a ...»Reply #9