Saturday, October 11, 2008

FOXNews.com - Trillions Disappear in Stock Market, but Where Did Money Go? - Local News | News Articles | National News | US News

FOXNews.com - Trillions Disappear in Stock Market, but Where Did Money Go? -: "If you're looking to track down your missing money — figure out who has it now, maybe ask to have it back — you might be disappointed to learn that is was never really money in the first place.

Robert Shiller, an economist at Yale, puts it bluntly: The notion that you lose a pile of money whenever the stock market tanks is a 'fallacy.' He says the price of a stock has never been the same thing as money — it's simply the 'best guess' of what the stock is worth."

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Oh. It was just potential money. I feel much better now.

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