811
U.S. stocks see biggest 2-day wipeout in history as market loses $11 trillion since Inauguration Day
(www.marketwatch.com)
Its liberation day!
this post was submitted on 05 Apr 2025
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The US stock market has been liberated of 11 trillion dollars and counting.
What a party, what a party.
"Drill, baby, drill"
Stock market: "To the ~~moooooon~~ cooooooooore!"
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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.
In terms of where the money foes its quite easily. The majority will just evaporate. A lot of people and company's may shift their invested money to European (or somewhere else) companys whichay rise a bit in value, but the majority of the money is just gone. The value of a company is a mix of how profitable they are and a lot of how much people think a company will be profitable in the future and therefore are investing into it (its like the typical production and demand thing. If more people want to buy something it rises in value).
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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
We will see how bad it will actually become and if it can match 2008 levels.
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What were the first few months like in 08? I was only 13 and already in poverty so I honestly never noticed
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Let's see if he can make that number $111 Trillion lost by the end of May 2025.
Putin will be pleased.
...and his other buddy, Xi.
It's going great!
Oh, is it tee time already?
Now I know why Trump, during his rally, said people would ask him to stop winning.
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…
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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