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Title: BAM! - Households just saw $1.8 trillion in wealth vanish
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URL Source: http://www.marketwatch.com/story/ho ... n-after-market-rout-2015-08-24
Published: Aug 24, 2015
Author: MARKET WATCH
Post Date: 2015-08-24 12:22:24 by HAPPY2BME-4UM
Keywords: None
Views: 39
Comments: 5
You may have seen headlines to describe the market carnage like a trillion dollar’s worth of wealth wiped away in a single day. But it’s worth noting just how much is held by Americans in the stock market in the first place. MarketWatch took a look at the Federal Reserve’s financial accounts of the United States report for answers — and did some back-of-the-envelope math. As of March 31, households and nonprofits held $24.1 trillion in stocks. That’s both directly, and through mutual funds, pension funds and the like. That also includes the holdings of U.S.-based hedge funds, though you’d have to think that most hedge funds are held by households. In other words, a cool $1.8 trillion has been lost between now and the first quarter — and overwhelmingly, those losses occurred in the last few days. This will probably be the worst quarter for stock-market destruction since the third quarter of 2011, when $2.8 trillion was wiped away. It took four quarters for the stock market to bake that wealth back into equities. In other words, a cool $1.8 trillion has been lost between now and the first quarter — and overwhelmingly, those losses occurred in the last few days. This will probably be the worst quarter for stock-market destruction since the third quarter of 2011, when $2.8 trillion was wiped away. It took four quarters for the stock market to bake that wealth back into equities.
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#1. To: HAPPY2BME-4UM (#0)
That doesn't help. A lousy $2 trillion. I am hoping at least a $20 trillion loss. Then I could use what money I have to invest in the market and other things. Now I can't invest because everything is too high and there are few if any bargains.
I Did Not lose any invested money today - because I didn't panic and sell : )
#2. To: HAPPY2BME-4UM (#0)
-Alex Kurtagic
#3. To: X-15, 4 (#2) (Edited)
A guest on the Power Hour this morning when the market was down 900, said that it would not surprise him if it closed in the green today; that's how fixed, phony, and controlled it all is. Right now, it's down 145.
“The most dangerous man to any government is the man who is able to think things out... without regard to the prevailing superstitions and taboos. Almost inevitably he comes to the conclusion that the government he lives under is dishonest, insane, intolerable.” ~ H. L. Mencken
#4. To: Lod (#3)
This morning was the time to buy.
-Alex Kurtagic
#5. To: X-15 (#4)
My stomach, and my religion, no longer allow me to participate in equities. I just can't handle it.
“The most dangerous man to any government is the man who is able to think things out... without regard to the prevailing superstitions and taboos. Almost inevitably he comes to the conclusion that the government he lives under is dishonest, insane, intolerable.” ~ H. L. Mencken
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