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.
Its liberation day!
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!
“Drill, baby, drill”
Stock market: “To the
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Trump is golfing while a man he admits is innocent is in an El Salvador prison
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.
Look up the video on investing at market peaks.
Bro he literally said the tax penalty is less than his loss
L2Read.
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.
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.
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No it is not. Tax rate is ~20-30%. Market has dropped 10% since November. What is this batshit advice?
especially if you are not qualified to retire for 2 more decades
Just move it to stuff that guarantees 40% plus. 2ez. git gud. /s
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So your 401k is just a single fund and that’s it?
That sucks bro
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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?
What if you short the market?
Putting a lot of money into shorts (money you can barrow mind you), is essentially massively selling stocks you don’t have with the promise of buying them back later.
If a lot of rich people do this, it will trigger a panic sell, get the price low, they buy back the “barrows stocks” at cheaper rate and now they have profit and some people have sold, so the stock is lower.
They can now buy more stocks and we’re back to the first step but with the rich having a higher share than before cause of the panic sellers.
I wonder if we’ll get another high return iBond this year
At least there’s no genocide in Palestine, right?
Right?
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Seethe, troll.
What
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.
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).
Yeah, god they’re so full of shit.
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Come do it fucko. I think you will find it difficult.
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The genocide Joe crowd think the Israel/Palestine war started October 2023. They aren’t very smart.
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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.
Holding them accountable is also the only way we get real change
Helping to elect the opponent who even more enthusiastically supports genocide does less than nothing to hold anyone accountable.
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I’m always a bit fascinated that theres so few of us that see it this way. The killings definitely happened, the US definitely helped. Seems pretty factual. And yet the pushback on these facts with the US crowd is extreme and seemingly very emotional for the pro zionist crowd-- which is not in line with what the rest of the world thinks.
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.
Israeli secret service soft-couping the US by straight up killing any official that does not match their views?
So… “to be fair” what you’re claiming, is that there’s little genocide left for Trump to commit, and then- a bunch of conspiracy theories.
It’s a damn good thing you people argue so diligently on the side of reality. It really helps drive that batshit insane ideology of yours home.
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Trump could open the doors of hell and it would still be no excuse for having voted for evil.
Do you view “evil” as a binary value or a numerical value that can be counted?
So… “to be fair” what you’re claiming, is that there’s little genocide left for Trump to commit
Thats a good demonstration of strawmanning. Putting up a contrived BS argument then knocking it down. Come on, can’t you do better than that?
Thats just lazy.I’m not the one that said it. The onus is on you to state your point in a way that makes sense. And what you said, is that:
“most of the genocide already happened before election day under Biden.”
If you want to make a straw man by accusing me of making a straw man, be my guest. But that won’t change the original argument, nor will it change the fact that it seems others agree with me on this.
I literally quoted you, and you did not quote me. So now you’re just lying. Time for a username block.
Literal quote….
“I mean, most of the genocide already happened before election day under Biden.”
- you literally said this. But if it helps to use a more direct and unequivocal approach:
If you are confused by what you’re seeing, that is a screenshot of your actual words.
And- blocked or not, I think this needed to be said so that anyone unfortunate enough to have to interact with you, might come across this conversion in an attempt to make sense of… you,
…and it helps illustrate to them exactly what they’re dealing with.
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.)
The problem is that it is legal (in a gray legal sort of way), and the people in power only lose if they fix it. So we can only talk about it.
Perhaps it’s high time to go beyond talking about it.
Such as?
Take a guess, surely your imagination isn’t limited to just “talking about it”. Perhaps maybe fighting for it? Like we did with women’s rights, slavery, racial discrimination, workers having weekends, they all changed from people talking about it AND fighting for it.
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.
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
Absolute numbers like bullet 2 aren’t super useful. The DJIA wasn’t even at 2000 until sometime in the 80s.
I’m 41 years old, I’ll be 42 in a few weeks, I’m getting really tired of living through these “once in a lifetime events” every 24-48hrs.
As a 45yo, I agree.
Go woke go broke? Seems like when you go conservative you get absolutely ripped.
go fasch lose cash
A bunch of wallets just got the bigot spigot
I know your right in saying people vote like Trump was the conservative, but Harris was really the conservative. Trump was the populist autocratic. thinking the GOP is the conservative party is crazy to me. They haven’t been in a long ass time. You want status quo and security for your money and livelyhood? Don’t vote for the populist who has ‘‘ideas’’ about how the country should REALLY be ran.
That’s how you get Pol Pot shutting down food imports because he wanted higher domestic food production, you know BEFORE they could make enough food to feed everyone without the imports. All the other autocrat or populist that instantly rammed a country into the ground also had a cult that made them entirely delusional.
That’s how you get Pol Pot shutting down food imports because he wanted higher domestic food production, you know BEFORE they could make enough food to feed everyone without the imports.
This really is exactly what trump is doing. He’s slinging tariffs around like that will spur US industries (and as a petty attempt at being a strongman) and farming but giving those industries zero lead time, and on top of that, the tariffs he imposed are going to affect all of the materials and machinery those industries would need to ramp up their production. And on true insulated tyrant fashion he just makes a declaration and then it’s everyone else’s problem to deal with.
Dude’s a fucking idiot.
Amen you right. America is so far right wing, thats why any small help for the common worker or man they all scream socialism or communism.
It was projection once again. It turns out being anti-woke is indeed the path to poverty
Come on now a couple billionaires are going to make tons of money
Which billionaire is making money? Look at the stock market and look how much these big companies lost.
Lose 75 out of a 100 billion? Still plenty of money to consolidate failing businesses and buy real estate for cheap.
Can’t afford it? Too big to fail, government loans and bailouts.
This has happened before and the wealthy just get more in the end.
the stock market is funny money, when they start to gobble up real assets and the market recovers it’ll be obvious, just like the covid crash to recovery transfer of wealth to the rich
Now I know why Trump, during his rally, said people would ask him to stop winning.
We’re entering Once in a Lifetime Recession #5. Buckle up folks. The feds up shits creek and has been since COVID, so no cash bailouts are coming anytime soon. This should be a fun one!
Turns out a lifetime is only about 20 years.
Try 8. We’re getting closer to “a few weeks” now.
Putin will be pleased.
…and his other buddy, Xi.
Is this the red wave?
Certainly there’s bleeding
Are we winning yet?
Is America great again yet?
Liberating the fuck out of our wealth. <teamAmericaTheme.wav>
Into the hands of billionaires, who will be the only ones left able to buy up whatever they deem still has value.
We use .flac around here /s
Let’s see if he can make that number $111 Trillion lost by the end of May 2025.
