Roughly $11.1 trillion has been wiped away from the U.S. stock market since Jan. 17, the Friday before President Donald Trump took the oath of office and began his second term, according to data from Dow Jones Market Data.

Some $6.6 trillion of that figure was lost on Thursday and Friday alone — the largest two-day wipeout of shareholder value on record, Dow Jones data showed.

  • in4apenny@lemmy.dbzer0.com
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    22 minutes ago

    Wow, $11 trillion is a lot. Really puts the $36 trillion sitting liquid in offshore tax havens into perspective (yet seems to be missing from every conversation about money.)

    • ILikeBoobies@lemmy.ca
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      2 hours ago

      28 September 2007 S&P 500 was $1526 per share

      27 February 2009 it was $735

      31 January 2025 it was $6040

      Today it is $5074

      • dryfter@lemm.ee
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        2 hours ago

        Ok, so 2008 was a 52% loss in almost a year and a half.

        Right now it’s only a 16% loss in a little over 2 months.

        Someone far smarter than I am could maybe figure out the monthly decline percentage and compare 2008 losses vs now. Don’t get me wrong, it’s a shitload of money, but it doesn’t look like the stock market is anywhere close to reaching 2008 levels of loss…yet.

  • Zier@fedia.io
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    5 hours ago

    Let’s see if he can make that number $111 Trillion lost by the end of May 2025.

  • Gxost@lemmy.world
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    9 hours ago

    Now I know why Trump, during his rally, said people would ask him to stop winning.

    • kreskin@lemmy.world
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      8 hours ago

      I mean, to be fair, most of the genocide already happened before election day under Biden, but yes, there will definitely be more as long as the AIPAC bribes keep flowing-- and no one is talking about shutting those down. I believe the last person (JFK) to try to deal with this by relisting AIPAC as a foreign agency was assassinated shortly afterward. RFK also tried and he was also killed.

      Which is nothing but a coincidence I’m sure, the zionists would never do something like that. And christians in the US are close friends and allies of Israelis, right.

      https://www.jpost.com/breaking-news/article-761490

      • selokichtli@lemmy.ml
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        36 minutes ago

        I mean no disrespect, because we are writing sentences that we never intended to write, but Jesus Christ, “most of the genocide already happened (…) under Biden”. It’s utterly depressing. I’m really disappointed that American citizens worked very hard for this to happen, but it feels also like a consequence of something bigger, as if there was a bipartisan dictatorship or something even deeper, in which parties are just knights or bishops.

      • finder@lemmy.world
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        4 hours ago

        already happened

        Watching the ‘genocide Joe’ crowd cope with the fact they supported the turbo genocide candidate will never not be funny to me (In the grim irony kind of way).

  • 0x01@lemmy.ml
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    11 hours ago

    Curious how does that stack up historically with the largest drops in history percentage-wise?

    I checked out the investopedia article:

    • The Dow had its sixth-worst week of the 21st century; it fell 7.9% over the week and 9.3% in the last two days.
    • The Dow shed 2,231 points on Friday, its third-largest one-day point decline on record.
    • The Nasdaq Composite has dropped 11.4% since Trump’s tariff announcement, also its worst 2-day stretch since March 2020.
    • errer@lemmy.world
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      10 hours ago

      Not exactly sure how one is supposed to transfer one’s 401k to government securities on such a short timescale…

      • Mearuu@kbin.melroy.org
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        9 hours ago

        Trump was elected in November. I had every cent moved out of US stocks by mid December. My tax burden is already less than what I would have lost if I kept them money where it was.

        There was plenty of time if you were paying attention. If you didn’t move your money, unfortunately, that’s on you.

        • errer@lemmy.world
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          8 hours ago

          It’s a 401k. I can’t move my money out of it without taking a tax penalty.

          • Mearuu@kbin.melroy.org
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            8 hours ago

            Yes there is a tax penalty. as I said in the original comment.

            However, that tax is less than the amount lost since December. As I said in the original comment.

            • errer@lemmy.world
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              10 minutes ago

              No it is not. Tax rate is ~20-30%. Market has dropped 10% since November. What is this batshit advice?

            • Opinionhaver@feddit.uk
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              4 hours ago

              I’m not familiar with 401K as I’m not from the US but do you really lose anything when the market dips? Because I don’t think you do unless you start selling at a loss. If you’re not planning on retiring in few years this shouldn’t affect you in any way.

              • vithigar@lemmy.ca
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                3 hours ago

                It’s the same as any other non-liquid asset. Sure, you could argue that the value dropping is only a loss if you sell during the dip, but you’re still better off if you can sell before it happens.

                • Opinionhaver@feddit.uk
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                  1 hour ago

                  I don’t really see how you’re “better off” unless you then go and buy the dip too. If your retirement is decades ahead then simply holding and buying is what will very likely be the best bet on a long term. Historically speaking so far this has been the case. Reacting to short term events is how people lose their savings on the stock market.

    • AlecSadler@sh.itjust.works
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      10 hours ago

      I don’t understand then, are they just bilking each other?

      If the billionaires are buying en masse to profit off this, someone is selling. If billionaires own the majority…they’re…selling to each other and losing?

      • ReallyActuallyFrankenstein@lemmynsfw.com
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        10 hours ago

        A potential explanation is this is the Russian fall of communism / transition to oligarchy moment, where regular people will get rid of the “worthless” stocks fearing no bottom, and the top 1% will buy them for pennies on the dollar.

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    10 hours ago

    Stock market always fluctuates at big changes. Bigger the changes – bigger the fluctuation. There isn’t much sense of checking that fluctuation every few hours. Wait a few months at least. And that situation would be interesting.

    • entwine413@lemm.ee
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      10 hours ago

      The thing is that in the past our government wasn’t intentionally doing irreparable harm to our economy by giving nearly every trading partner we have the middle finger.

      Maybe the markets will recover, but we might be looking at a situation similar to the great depression, especially if people start making bank runs.

      • Zron@lemmy.world
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        9 hours ago

        I don’t know if people will hit the banks.

        Back on black Tuesday, most things were bought with cash.

        Now everyone either uses debit or credit. I don’t think there will be the big of a demand for cash unless one of the big banks says it has run out.

        I do think that the credit market might implode within 6 months, as many Americans will probably forgo paying their debt to buy food for the week, and the credit companies will not have the capacity to squeeze blood from that many stones at once.

        If consumer credit crashes, then the consumer economy essentially collapses, as a huge chunk of the population essentially lives on a knife edge between their bank balance and credit limits.

        I give it at least a month before this all really starts to go tits up.

        Anyway, I’m gonna go buy some waterproof storage bins and about 500 pounds of rice and beans tomorrow, just because that’s my new hobby.

        • TransplantedSconie@lemm.ee
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          5 hours ago

          Soak the beans, separate them into meal portions, and freeze them. Kills any pests that would eat your beans, and they will be ready to cook.

        • The_Caretaker@lemm.ee
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          9 hours ago

          A liter of honey has about 3000 calories and can be stored for a very long time. Peanuts are high in protein and calories and easy to store for emergencies.

            • The_Caretaker@lemm.ee
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              35 minutes ago

              Honey and bees wax are amazing. Honey is very high in sugar, yet mold and other fungus doesn’t grow in it. Hollow trees, where bees like to nest, is also a common place to find fungus growing but not in a beehive.

    • alvvayson@lemmy.dbzer0.com
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      10 hours ago

      TIL 2000 and 2008 were just fluctuations due to big changes.

      Stock market peaked 19 feb, 1.5 months ago. It has lost 17% since then.

      That’s an awfully long and persistent fluctuation.

      • Opinionhaver@feddit.uk
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        4 hours ago

        Annual average growth of the stock market is around 7%. That means some years it might be +21% and the next year -5%. Now we’re about 2% on the negative from a year ago. That’s not great but it’s not catastrophic either. I bet that in few years this particular dip is just one of the many and it’ll barely even register on the graph.

        • barneypiccolo@lemm.ee
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          2 hours ago

          Your prediction is based on this being a drop based on normal market fluctuations, but that’s not what this is. This drop is based on just the NEWS of tariffs that ALL economists recognize will be disastrous. Wait until the tariffs are actually in place, prices rise steeply, spending plunges, and the ripple effect moves across the entire global economy. That 17% drop won’t be some random sawtooth on a chart, it will be the first dip in a steady long-term downward trend.

    • Pennomi@lemmy.world
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      10 hours ago

      Ask the economists if restricting trade will lower gdp or not. I have a tiny suspicion this isn’t a “fluctuation”.