ajtj99's Market Pulse

[gtober]

Not to mention the fact that stocks can go down (and up) in the absence of trades. And since open interest =/ short interest stock movement is not zero sum. So, in stocks, there is real wealth creation and wealth destruction.

In housing, people are rarely ever short home values, so there is also real wealth destruction in a real estate drop.

It's another question entirely how much of the wealth was real and sustainable.