ajtj99's Market Pulse

[osprey]

<<I know of at least one individual that was surprised to know his loss was not just an evaporation of funds but much if not all was in someones elses pocket right now.>>

Most of the losses in the stock and housing markets are just vaporized, gone.

Shorts make money when stocks go down. But the number of shorts is a fraction of the number of longs in almost all stocks. Frequently short interest is only a few percent.

When a house defaults on a mortgage or HELC, someone, the loan holder eats a loss.

Edit: The amount of world wealth vaporized according to Blackstone is 46%. This translates into 50 trillion dollars of world wealth with the US share being 12 trillion.