this post was submitted on 07 Mar 2025
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Economy

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$1.15 trillion was wiped out from the US stock market today. (feddit.uk)
submitted 7 months ago by sirico@feddit.uk to c/economy@lemmy.world
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[–] jerkface@lemmy.ca 40 points 7 months ago (1 children)

No, stocks are not zero sum like a spring storing energy. They can in fact destroy wealth. Think about it. It would be pointless as an investment if they always paid out exactly what they were paid in.