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Politics : Welcome to Slider's Dugout
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To: NOW who wrote (15904)2/27/2009 8:36:44 PM
From: arun gera2 Recommendations  Read Replies (1) of 50507
 
>The fact that $2 trillion has suddenly “evaporated” means that some corresponding value is now under new ownership.>

That corresponding value is probably just $0.2 trillion. When valuation go from $8 trillion to $6 trillion does not mean $2 trillion of money was released to other sources.

That is the reason why stocks can go much lower. All these newly unemployed people have not really started removing their money from their 401 K accounts yet. They do that when the severance runs out, or they have not found a new job. So that is about 6 months to one year away.

And in another 2 years the retired baby boomers start tapping their retirement funds or at least decrease their contributions.

-Arun
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