ColdWar: How much money would it take to stop the NYSE from dropping at -1,000 points?
With the market capitalization at around 26 trillion dollars, some have speculated that the government secretly stopped the market’s freefall yesterday. I sincerely doubt it, as I’m guessing it would take about a 1 to 2 trillion dollar infusion – no pocket change. My wife (with an economics degree) disagrees. What do you think?
Answers and Views:
Answer by Rofl
Yesterday the market dipped at around 500 Billion dollars. So im guessing it would take 500 billion dollars to stop the NYSE from dropping. It is generally thought that the NYSE dropped yesterday due to human error.
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