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.
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.)
so weird to be cheering for our own demise, but is it really our own demise? i don’t own stocks. do you? and where does 11 trillion actually go? to another country’s market? fiat currency is so weird. it’s almost as if it’s all just smoke and mirrors that don’t actually reflect reality. did anything physically change since dumptwat announced tariffs? capitalism just seems like a giant lie divorced from reality. let’s burn it all down.
It’s going great!
Go woke go broke? Seems like when you go conservative you get absolutely ripped.
How does this compare to 2008?
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
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.
Roughly
3.05% per month in 2008
7.75% per month today but the time period is much smaller
Let’s see if he can make that number $111 Trillion lost by the end of May 2025.
Putin will be pleased.
Now I know why Trump, during his rally, said people would ask him to stop winning.
At least there’s no genocide in Palestine, right?
Right?
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.
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.
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).
The genocide Joe crowd think the Israel/Palestine war started October 2023. They aren’t very smart.
I’m not sure why you refuse to hold him and his administration accountable. Genocide Joe is an apt name for someone that chose to give more importance to genocide then he did to representing his voters and this country in general.
They sabotaged their own election so Israel can break child death records. He could have simply told Israel to fuck off. I’d rather blame them then normal people that felt conflicted about genocide of all things.
Holding them accountable is also the only way we get real change.
Yeah, god they’re so full of shit.
Its liberation day!
“Drill, baby, drill”
Stock market: “To the
mooooooncooooooooore!”The US stock market has been liberated of 11 trillion dollars and counting.
What a party, what a party.
You mean libation day, right?
ಠ_ಠ
You mean libation day, right?
Lobotomy Day!
The best you’ve ever had!
Is this the red wave?
Certainly there’s bleeding
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.
Absolute numbers like bullet 2 aren’t super useful. The DJIA wasn’t even at 2000 until sometime in the 80s.
Of some note is that the market was only allowed to tumble for two of those five days following the announcement of the tariffs. That almost assuredly makes a difference here.
Can’t wait for next week lmao
The top 10% wealthiest Americans own over 90% of stocks…
I do feel bad for the people who left their 401k in the market instead of government securities. trump has been saying he’d do this dumb shit since the campaign.
But bitcoin is going to…oh.
Oh well, at least gold is… Oh.
GME to the moon!
Not exactly sure how one is supposed to transfer one’s 401k to government securities on such a short timescale…
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.
Edit: SPY puts with 20%. The 40% bonds. 30% forex. 10% cash. But what the fuck do I know. I didn’t make any money and you all know exactly what you’re talking about and I’m full of shit.
It’s a 401k. I can’t move my money out of it without taking a tax penalty.
So your 401k is just a single fund and that’s it?
That sucks bro
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.
No it is not. Tax rate is ~20-30%. Market has dropped 10% since November. What is this batshit advice?
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.
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.
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.
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?
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.
Are we winning yet?
Is America great again yet?
Nope, but someone believes there’s a plan 🤔
https://unherd.com/2025/02/why-trumps-tariffs-are-a-masterplan/
🤡🤡🤡
This dude is convinced Trump has a grand plan and is a master negotiator.
That’s a lot of words to say Americans should expect a rapid decline in their standards of living so we can drive down the price of our own labor due to people being desperate.
That seemed like rambling wheels within wheels nonsense.
Liberating the fuck out of our wealth. <teamAmericaTheme.wav>
We use .flac around here /s
Into the hands of billionaires, who will be the only ones left able to buy up whatever they deem still has value.
