I'm sorry, I really don't know much about the stock market, but I still think the global downturn over the Coronavirus is *weird* for so many reasons:
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You've got to remember that for all the big investors, like you say, this is theoretical money, they don't have to spend any of it on groceries tomorrow So these downturns themselves are not as big a deal as they seem
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For you and me it seems like huge amounts of money appearing from thin air and then vanishing again for no good reason but in the investing world the current value of the Dow is just a vague statement about "How good do you feel about things today"
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