Market Cap is the value of all the shares if they were to be sold at current asking price. 3.74 trillion being lost is saying the valuation of those shares at current price for the entire market has been lost.
While, it is hard to directly pin anymore than 100 billion directly on WSB, and maybe 100 billion indirectly, in terms of Market Cap. The Market is going into a down-turn.
It is my prediction that within 6 months, our economy will finally begin collapsing due to the damages of COVID-19 hitting the consumer market without stimulus, balancing anything out. You don't kill thousands upon thousands of small businesses through lockdowns and expect the market to recover.
Can someone break this down for us non-finance folk?
Market Cap is the value of all the shares if they were to be sold at current asking price. 3.74 trillion being lost is saying the valuation of those shares at current price for the entire market has been lost.
While, it is hard to directly pin anymore than 100 billion directly on WSB, and maybe 100 billion indirectly, in terms of Market Cap. The Market is going into a down-turn.
It is my prediction that within 6 months, our economy will finally begin collapsing due to the damages of COVID-19 hitting the consumer market without stimulus, balancing anything out. You don't kill thousands upon thousands of small businesses through lockdowns and expect the market to recover.
Do things like Ammunition then become legal tender?
Yes you throw them at people to get the things you want from them