Viewing a single comment thread. View all comments

hoadlck t1_j1lzgvp wrote

"Defiance of economic gravity"....right. Just like Wile E. Coyote defied gravity?

It is always ironic when you see these breathless articles of trillions in "market value" being lost. It was never there in the first place. Just a fairy tale that people took for fact.

62

[deleted] t1_j1o5u7x wrote

>Just a fairy tale that people took for fact.

Couldn't agree more. We're reading all this about what's been "lost", but in all reality, it wasn't there, hence we see a correction, it's just a true-up of the valuation.

6