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.
Dude how many of the 49% of USA citizens who can’t even handle a 1k USD emergency spend have stocks or options
How many of the 120 million people who have feared for years that they won’t get to enjoy their social security have stocks or options
Because that’s the regular people
Are you even reading yourself
Someones forgetting about 401ks
401ks are invested. People losing their retirement funds. I personally don’t have any because I had to use mine up last time I was between jobs for a year, but many innocent people who aren’t rich and voted against Trump are being hurt as well.
Millions of people have 401k plans through their employers and have had them for years and are counting on them to live when they retire.
I’m sorry to tell you but everyone is screwed except the billionairs who will just buy everything for pennies on the dollar. What do you think companies will do when their stocks are crashing? They will lay off more people until they inevitably go belly up and then all of those people are out of jobs. Shit is about to get real.