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re: BlackRock suffered $1.6 trillion in losses in 6 months

Posted on 7/23/22 at 11:53 am to
Posted by wutangfinancial
Treasure Valley
Member since Sep 2015
11282 posts
Posted on 7/23/22 at 11:53 am to
It’s so funny it’s already happened multiple times throughout history. Do you dance like a clown too?
Posted by Big Scrub TX
Member since Dec 2013
33734 posts
Posted on 7/23/22 at 12:22 pm to
quote:

It’s so funny it’s already happened multiple times throughout history. Do you dance like a clown too?
Multiple times in history "single stock names have gone to $0"? WTF do you even think you're talking about?

BlackRock's equity holdings are largely indexed - which means that the single stock names are large enough to be IN an index in the first place. The idea that selling activity from BlackRock is going to cause a single name to go to ZERO is utterly preposterous.
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