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NNN0LHI (1000+ posts) Send PM | Profile | Ignore | Sun Jan-27-08 10:15 AM Original message |
I seen where the Stock Market has lost $7 Trillion dollars since Dec. 31 2007. Where does it go? |
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Tansy_Gold (1000+ posts) Send PM | Profile | Ignore | Sun Jan-27-08 10:17 AM Response to Original message |
1. Another question is -- |
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NNN0LHI (1000+ posts) Send PM | Profile | Ignore | Sun Jan-27-08 10:21 AM Response to Reply #1 |
3. For the sake of argument lets just assume it was there |
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Xenotime (1000+ posts) Send PM | Profile | Ignore | Mon Jan-28-08 01:11 AM Response to Reply #3 |
68. Have you seen the profits the oil companies get lately? |
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raccoon (1000+ posts) Send PM | Profile | Ignore | Mon Jan-28-08 09:45 AM Response to Reply #3 |
71. Same place weight goes when somebody loses weight? nt |
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papau (1000+ posts) Send PM | Profile | Ignore | Sun Jan-27-08 10:56 AM Response to Reply #1 |
27. not to worry - a trillion U S $ after Bush is not worth near what it was under Clinton |
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hobbit709 (1000+ posts) Send PM | Profile | Ignore | Sun Jan-27-08 10:20 AM Response to Original message |
2. It's all paper. |
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NNN0LHI (1000+ posts) Send PM | Profile | Ignore | Sun Jan-27-08 10:23 AM Response to Reply #2 |
5. Where did the paper with all the big numbers go? |
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RUMMYisFROSTED (1000+ posts) Send PM | Profile | Ignore | Mon Jan-28-08 09:44 AM Response to Reply #5 |
70. Much of those paper numbers turned into debt. |
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RC (1000+ posts) Send PM | Profile | Ignore | Sun Jan-27-08 10:23 AM Response to Reply #2 |
6. It is not even that substantial. |
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NNN0LHI (1000+ posts) Send PM | Profile | Ignore | Sun Jan-27-08 10:25 AM Response to Reply #6 |
9. Any idea who is holding all those 1's & 0's in their computers now? |
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muriel_volestrangler (1000+ posts) Send PM | Profile | Ignore | Sun Jan-27-08 10:40 AM Response to Reply #9 |
17. It never was money - just the 'expected value' of all the companies |
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DemReadingDU (1000+ posts) Send PM | Profile | Ignore | Mon Jan-28-08 10:32 AM Response to Reply #9 |
74. I pulled my money out of stocks, and bought CD's |
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havocmom (1000+ posts) Send PM | Profile | Ignore | Sun Jan-27-08 10:25 AM Response to Reply #2 |
8. And the paper is only worth what buyers say it's worth |
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Snotcicles (1000+ posts) Send PM | Profile | Ignore | Sun Jan-27-08 10:31 AM Response to Reply #2 |
15. Until you sell it. The value of shares is fluid. nt |
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conspirator (1000+ posts) Send PM | Profile | Ignore | Mon Jan-28-08 10:08 AM Response to Reply #2 |
73. We have a winner! The stock exchange is a just a casino where rich people gamble |
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cornermouse (1000+ posts) Send PM | Profile | Ignore | Sun Jan-27-08 10:22 AM Response to Original message |
4. My guess? |
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mmonk (1000+ posts) Send PM | Profile | Ignore | Sun Jan-27-08 10:24 AM Response to Original message |
7. Some of it is on the sidelines waiting. |
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NNN0LHI (1000+ posts) Send PM | Profile | Ignore | Sun Jan-27-08 10:27 AM Response to Reply #7 |
11. Who's sidelines would that be that it is sitting on? |
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mmonk (1000+ posts) Send PM | Profile | Ignore | Sun Jan-27-08 10:50 AM Response to Reply #11 |
23. Basically world investors, usually large institutional players. |
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ldf (1000+ posts) Send PM | Profile | Ignore | Sun Jan-27-08 03:09 PM Response to Reply #23 |
47. the REALLY big money |
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Tansy_Gold (1000+ posts) Send PM | Profile | Ignore | Mon Jan-28-08 09:36 AM Response to Reply #7 |
69. Maybe on these sidelines? |
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Junkdrawer (1000+ posts) Send PM | Profile | Ignore | Sun Jan-27-08 10:26 AM Response to Original message |
10. The same place lost socks and America's Imperial Innocence went... |
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Subdivisions (1000+ posts) Send PM | Profile | Ignore | Sun Jan-27-08 12:14 PM Response to Reply #10 |
39. Into the top of the pyramid? |
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BadgerLaw2010 (1000+ posts) Send PM | Profile | Ignore | Sun Jan-27-08 10:29 AM Response to Original message |
12. It's not a loss until you sell or the company ceases to exist. |
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JackRiddler (1000+ posts) Send PM | Profile | Ignore | Sun Jan-27-08 03:34 PM Response to Reply #12 |
51. Um, no. |
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NNN0LHI (1000+ posts) Send PM | Profile | Ignore | Sun Jan-27-08 10:30 AM Response to Original message |
13. I can't believe this |
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cosmik debris (1000+ posts) Send PM | Profile | Ignore | Sun Jan-27-08 10:44 AM Response to Reply #13 |
20. Thanks for the compliment. |
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Dorian Gray (1000+ posts) Send PM | Profile | Ignore | Sun Jan-27-08 11:18 AM Response to Reply #20 |
32. But won't that be a wash when you have to pay taxes on your sales? |
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cosmik debris (1000+ posts) Send PM | Profile | Ignore | Sun Jan-27-08 11:20 AM Response to Reply #32 |
33. It is in my ROTH--tax free! n/t |
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Dorian Gray (1000+ posts) Send PM | Profile | Ignore | Sun Jan-27-08 03:49 PM Response to Reply #33 |
54. Then you were very very very smart! |
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cosmik debris (1000+ posts) Send PM | Profile | Ignore | Sun Jan-27-08 03:51 PM Response to Reply #54 |
55. A lot of it was luck |
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HCE SuiGeneris (1000+ posts) Send PM | Profile | Ignore | Sun Jan-27-08 01:09 PM Response to Reply #20 |
42. How special are you? You have managed to gloat over others loss |
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SammyWinstonJack (1000+ posts) Send PM | Profile | Ignore | Mon Jan-28-08 09:49 AM Response to Reply #42 |
72. ... |
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JackRiddler (1000+ posts) Send PM | Profile | Ignore | Sun Jan-27-08 03:52 PM Response to Reply #13 |
56. Nobody lost $7 trillion dollars - it's a metaphor |
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Cruzan (806 posts) Send PM | Profile | Ignore | Sun Jan-27-08 10:31 AM Response to Original message |
14. No where. Prices only dropped. |
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Uben (1000+ posts) Send PM | Profile | Ignore | Sun Jan-27-08 10:36 AM Response to Original message |
16. It;s like owning a house |
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NNN0LHI (1000+ posts) Send PM | Profile | Ignore | Sun Jan-27-08 10:43 AM Response to Reply #16 |
18. But if I paid 100 dollars for a stock and now that stock is worth half that 3 weeks later... |
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MonkeyFunk (1000+ posts) Send PM | Profile | Ignore | Sun Jan-27-08 10:47 AM Response to Reply #18 |
21. No |
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xchrom (1000+ posts) Send PM | Profile | Ignore | Sun Jan-27-08 10:50 AM Response to Reply #18 |
24. he made fifty bucks only if you paid fifty. |
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FormerDittoHead (1000+ posts) Send PM | Profile | Ignore | Sun Jan-27-08 11:02 AM Response to Reply #18 |
29. That's it - you're thinking is wrong and here's how... |
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FormerDittoHead (1000+ posts) Send PM | Profile | Ignore | Sun Jan-27-08 01:03 PM Response to Reply #29 |
40. typo: s/b "your thinking is wrong". |
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nick303 (379 posts) Send PM | Profile | Ignore | Sun Jan-27-08 04:57 PM Response to Reply #18 |
59. Think about the assumptions. |
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JackRiddler (1000+ posts) Send PM | Profile | Ignore | Mon Jan-28-08 12:01 AM Response to Reply #18 |
62. Well, that's what he might think! |
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DEMorthem (14 posts) Send PM | Profile | Ignore | Sun Jan-27-08 10:43 AM Response to Original message |
19. MONEY IS DEBT |
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L0oniX (1000+ posts) Send PM | Profile | Ignore | Sun Jan-27-08 11:23 AM Response to Reply #19 |
34. I keep telling people I know about that. It just doesn't sink in. |
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A HERETIC I AM (1000+ posts) Send PM | Profile | Ignore | Sun Jan-27-08 10:47 AM Response to Original message |
22. Did the money that is the difference between what your car was worth new... |
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Rosemary2205 (1000+ posts) Send PM | Profile | Ignore | Sun Jan-27-08 11:00 AM Response to Reply #22 |
28. Yes, it did go somewhere. |
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MonkeyFunk (1000+ posts) Send PM | Profile | Ignore | Sun Jan-27-08 11:40 AM Response to Reply #28 |
36. No it didn't |
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Rosemary2205 (1000+ posts) Send PM | Profile | Ignore | Sun Jan-27-08 11:55 AM Response to Reply #36 |
37. The owner has it. |
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A HERETIC I AM (1000+ posts) Send PM | Profile | Ignore | Sun Jan-27-08 11:56 AM Response to Reply #28 |
38. Oh, for crying out loud. |
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the other one (1000+ posts) Send PM | Profile | Ignore | Sun Jan-27-08 10:50 AM Response to Original message |
25. It goes to Money Heaven |
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whistle (1000+ posts) Send PM | Profile | Ignore | Sun Jan-27-08 10:53 AM Response to Original message |
26. The same place missing socks from washing machines go |
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AZ Criminal JD (1000+ posts) Send PM | Profile | Ignore | Sun Jan-27-08 11:11 AM Response to Original message |
30. Where are you getting $7 trillion from? |
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DEMorthem (14 posts) Send PM | Profile | Ignore | Sun Jan-27-08 11:14 AM Response to Reply #30 |
31. from october 30th 2007 |
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AZ Criminal JD (1000+ posts) Send PM | Profile | Ignore | Sun Jan-27-08 01:04 PM Response to Reply #31 |
41. That seems like a reasonable figure |
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L. Coyote (1000+ posts) Send PM | Profile | Ignore | Sun Jan-27-08 11:38 AM Response to Original message |
35. To the same place as your auto's value when you leave the dealership the first time. |
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Mayberry Machiavelli (1000+ posts) Send PM | Profile | Ignore | Sun Jan-27-08 01:16 PM Response to Original message |
43. If a bunch of people think a painting is worth a million dollars, and then, an hour later, decide |
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earth mom (1000+ posts) Send PM | Profile | Ignore | Sun Jan-27-08 01:27 PM Response to Original message |
44. It's all monopoly money...except... |
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progressive_realist (669 posts) Send PM | Profile | Ignore | Sun Jan-27-08 01:29 PM Response to Original message |
45. I'll attempt to illustrate with an example |
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JackRiddler (1000+ posts) Send PM | Profile | Ignore | Mon Jan-28-08 12:08 AM Response to Reply #45 |
64. Excellent breakdown. |
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Rex (1000+ posts) Send PM | Profile | Ignore | Sun Jan-27-08 01:35 PM Response to Original message |
46. It became non-existent. Lost, because the worth fell and depreciated |
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nancyharris (637 posts) Send PM | Profile | Ignore | Sun Jan-27-08 03:18 PM Response to Original message |
48. Don - its a loss of value, not money. |
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Egalitariat (1000+ posts) Send PM | Profile | Ignore | Sun Jan-27-08 03:28 PM Response to Original message |
49. Wealth is not a Zero-Sum game. It can be created and destroyed**** |
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Vanje (1000+ posts) Send PM | Profile | Ignore | Sun Jan-27-08 03:30 PM Response to Original message |
50. Its not gone. It never was. |
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NashVegas (1000+ posts) Send PM | Profile | Ignore | Sun Jan-27-08 03:34 PM Response to Original message |
52. Into the Pockets of Those Who Got Off Early |
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TalkingDog (1000+ posts) Send PM | Profile | Ignore | Sun Jan-27-08 03:47 PM Response to Original message |
53. Don, lets forget about #'s and stocks. Let's talk something real world. |
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baldguy (1000+ posts) Send PM | Profile | Ignore | Sun Jan-27-08 03:53 PM Response to Original message |
57. The only people who always make money in the stock market are stock brokers. |
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A HERETIC I AM (1000+ posts) Send PM | Profile | Ignore | Sun Jan-27-08 04:11 PM Response to Reply #57 |
58. Randolph and Mortimer came out on the wrong side when they tried to corner the market..... |
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Zynx (1000+ posts) Send PM | Profile | Ignore | Mon Jan-28-08 12:05 AM Response to Reply #57 |
63. That was the commodities market. |
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althecat (1000+ posts) Send PM | Profile | Ignore | Sun Jan-27-08 05:02 PM Response to Original message |
60. It was just paper value in the first place...... however when it is paper as collaateral for paper |
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ileus (1000+ posts) Send PM | Profile | Ignore | Sun Jan-27-08 05:36 PM Response to Original message |
61. dollars on paper, loads of us peeps aren't worth as much today. |
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Zynx (1000+ posts) Send PM | Profile | Ignore | Mon Jan-28-08 12:09 AM Response to Original message |
65. Let me try to explain this with an example. |
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JackRiddler (1000+ posts) Send PM | Profile | Ignore | Mon Jan-28-08 12:21 AM Response to Reply #65 |
66. It's a cool example but watch your terminology. |
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Zynx (1000+ posts) Send PM | Profile | Ignore | Mon Jan-28-08 12:22 AM Response to Reply #66 |
67. Fair enough. I used the term liberally. |
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MilesColtrane (1000+ posts) Send PM | Profile | Ignore | Mon Jan-28-08 10:35 AM Response to Original message |
75. Bernake told me it goes to live on a big farm with a loving family in Conecticut... |
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