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re: BlackRock suffered $1.6 trillion in losses in 6 months
Posted on 7/23/22 at 12:29 pm to wutangfinancial
Posted on 7/23/22 at 12:29 pm to wutangfinancial
quote:I agree that equity markets are thinner and more brittle than we used to be used to.
There’s no liquidity because there is inelastic demand for shares that are increasingly scarce.
quote:Sorry, but no. "Blue chip" names did not trade from tens/hundreds of billions of market cap to 0. Ever.
Wall Street woke up to blue chip equities trading at $0 because there was no market for that many shares at once.
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