Reported today - "Google’s stock price plunged Wednesday, wiping out nearly $12.5 billion in shareholder wealth."
This 12.5 billion dollar wipe-out intrigues me... in a flash it is gone. But the actual dollar amount is not really gone.. it's never really been here that I can see. This figure is a value amount and not the 'kit-and-kaboodle,' i.e. an actual cash amount. This is figuratively speaking... on paper other than greenbacks.
So what was really 'wiped out' here? It's not like $12.5 billion dollars was stolen from people's wallets and incinerated. It was the possiblity of cashing in on that amount that was wiped out.
Over reaction?
