I don't understand how "they" even lost anything. If they were in the stock market, the stock market is pretty much at break even for the year. But since they all "knew" Trump was going to tank the economy, they should have moved their funds into safe havens like the bond market, CDs or a Money Market account, which would have them up 1-2% YTD. Gold would have them up 20% YTD & Bitcoin is up 10% YTD.
Stock prices aren't set liek the prices of Coke on the shelf at WalMart.
They reflect the buying and selling of the stock. Falling stock prices means the stocks are being sold off for less than they were bought for. Buy high/sell low = lost money.
If a company has only one share that is at $100, and it gets sold for $50, that share now has a price of $50, and the owner lost $50.
A 10% drop in the DJIA is about $3 TRILLION dollars lost amongst the owners who sold off.
The only people that should have lost money are the idiot conservatives who were blind to the fact that Trump's election spelled economic doom. And even those morons should be sitting around break even YTD.
lol, maybe. But the nature of the beast is to cut losses and protect your money. When values start to fall, you get out ASAP to stop the bleeding.
Think of the collectible goods market. Once a collectibe starts going out of favor, you dump the collection before it becomes valueless. A great example is Elvis memorabilia. It used to be worth a lot, but the people who value it are dying off. So, the stuff doesn't sell for as much as before. Eventually, it'll be worth almost nothing.
Bad finances to hang on in the hopes it will regain value.
Bada analogy? Think "dot-com collapse".
