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.
Step 1: Crash market
Step 2: buy cheap stock
Step 3: undo regulation/get kicked out
Step 4: market rebounds
Step 5: Sell stocks for huge profits.
Nah dude, there’s more to it.
Step 1: already have a fortune put away in the US stock market.
Step 2: promise a business friendly environment after the election
Step 3: get elected
Step 4: sell off your stocks while confidence is high and market is on the up
Step 5a: put all your money on shorting index funds with the highest possible leverage
Step 5b: impose tarrifs
Step 6: use aggressive foreign policy to prevent foreign buyers from acquiring a share of the now discounted US economy.
Step 7a: settle short positions get infinite money (Trump will have leverage that us plebs cannot comprehend)
Step 7b: stabilise economy
Step 8: use infinite money to buy significant chunks of the US economy
Once all steps are complete trump is king in all but name even after he leaves office.
As much as if hate to admit it, the orange clown has pulled a massive big brain play. It’s terrifying what he could be planning next.
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.
Total sidebar: You should re-read The Hitchhiker’s Guide to the Galaxy when you turn 42!
That’s what I did. Now I’ll never forget the last time I read the series.
I’ll have to do that thanks.
As a 45yo, I agree.
Yeppp. Also makes me really distrust mainstream economists, because somehow these crashes always come as a surprise.
Like what we’re doing is not working. We need to try something else
You assume that educated people are making the final decision, when that has not been the case in at least 60 years.
Economists can scream from the roof-tops that the wealth-gap is harmful (they have), that ignoring science is regressive (they have), and that tariffs are fucking stupid (they have). But if the people in power (i.e CEO, Lobbyists, President) simply ignore them and do stupid shit anyway, it’s all pointless.
Moral of the story, this is not on the economists. This is on the stupid being in positions of power and the ignorant masses not holding them accountable.
Mainstream economists have been predicting this for nearly a year. It’s a surprise to almost no one.
Oh i guess that’s true. I’m not sure what my point was. I guess political/party economists? But maybe they’re not informed by actual economists.
It seems like there is a disconnect between what I hear politicians talking about vis what the journals say
Trump doesn’t have a team of reputable economists guiding his policies.
He’s just making decisions based on the vibe.
What tells you that this isn’t working? Seems to be working as intended. You mis-assumed that this administration gives a flying fuck about anyone worth less than $1 billion.
I meant for melol
What does this have to do with any economist? Are they supposed to be able to predict a cheeto imposing absurd global tarriffs? “Once in a lifetime” is just an expression the media likes to use.
Sorry I topic drifted a bit. I wasn’t actually thinking of that. I was under the impression that things were going very poorly even before tariffs.
You can’t really use past market events as a reference for anything happening now. The global system is completely different and changing very fast. The longer term implications here are that the U.S. Govt has been out of money for a while and there is a ton of upcoming debt to issue. Part of the response to this is to fund the Govt using tariffs, and begin shrinking the deficit by using the economic problems and the total debt to justify it. They are trying to avoid a debt crisis where there is more debt being issued than buyers. The problem is that this time, with other options existing for capital than Treasuries, which given the circumstances, the old idea that people run to Govt debt when the markets crash for safety just might not hold up this time. The end result is that they haven’t solved anything, and in fact made the upcoming debt crisis much worse. What’s more is that the old reserve currency dollar system being replaced will accelerate now as trade is forced to route around the U.S. There are so many second order effects here too, all of this will kick off a justification to privatize everything and have the private sector jump in to save and replace Govt functions. What they have wanted to do all along anyway, and given the current political climate will mirror the oligarchs taking over Govt functions after the collapse of the USSR. This is just more of a controlled demolition.
Sorry for the wall of text. Also, a bretton woods style agreement will be necessary, it’s just that there is no single world power strong enough to enforce one. The futures for Monday look pretty bad too, and there are so many unresolved problems since 2008 that could blow up one after another once all the liquidity is removed and there is no one willing to purchase all the upcoming debt.
The debt issue is greatly over exaggerated. The US as a whole owns over 300 trillion in assets and trillions more in untouched resources. The US isn’t broke and it isn’t poor. It only feels poor because
- our capitalist system is nearly the worst possible system for distributing resources where they actually need to go and
- Capitalists use their resources to corrupt and bend our government to their will which results in car centric urban sprawl that is 5x less resource efficient.
For example, if we built public transit and walkable cities we could make transit completely free and it would cost far less than subsidizing car dependency. But we can’t do that nation wide because it would devalue the car industry, the asphalt industry, rubber industry, and the oil industry. Under capitalism, the profits of the 0.1% always take priority over what benefits the 99%
Just wait until the markets open on Monday…
Amazing how every time the Republicans get majority control of things the markets go to shit. The faster they work to dismantle what democratic control of something exists the faster it falls apart.
Lets hope this leads to Republicans loosing for 60 years like last time :3
To be selfish at this time, if I had 40k sitting in cash, do I have a chance to make good on this? Or are things too unstable to invest as just a dumb guy with some cash?
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!
Trump is golfing while a man he admits is innocent is in an El Salvador prison
Oh no, billionaires losing unrealized gains, what a shame
Let’s flip the fuck out about it
Or regular people all losing money they had invested
I have parents who are near retirement who voted for trump. Only my dad works and has to support my mom. This upcoming weekend, I’m gonna ask him how his portfolio is looking. If his vote is paying off.
There’s more people who don’t have investments than there are that do. That includes 401k. Welcome to the poor people’s club.
50% of the country has a 401k and like 40% has an IRA… They are not worth much, that is the point the poor people can’t afford to get more poor, the rich people can. they’ve realized theres nothing else their money can buy so their happy to destroy the world out of boredom. And you cheer them on.
My info was outdated, but where an I cheering it on? Is there some invisible message my reply had that I’m not seeing?
Source that’s not so heavily “invested” in the answer perhaps? I can’t read this ad-ridden garage.
Is it enough to stay that most Americans stocks are the smallest of their saving vehicles? Most people have the bulk of value in their home not their 401k.
Correct. Which makes sense when you consider home prices have gone up alot in the last 20 years, and an unaware investors portfolio is probably being slowly bled off by covering the mortgage of that house every time we go into a recession which is basically on a 2 year cycle now.
So yes you are right, and you are so smart and a very good boi. But you are missing the bigger picture of American wealth distribution. Missing out on how jobs are tied to the market, income is needed for investment and selling investments when you lose your job and they are down 50% just shoots most of the country into poverty.
Surprise its the great depression!
I’m not good and not a boi/boy/guy/whatever, but thanks I guess.
I was more interested in getting to the fact that everyday American don’t rely on the stock market directly. If you are hurting directly in this downturn, you needed to have less volatile investments to begin with. Americans do have some small direct market investments but they are dwarfed compared to their other stores of value and to the quantity of money in the market from non-consumer level individuals.
When you say ‘don’t rely on the stock market directly’ you’re aware of the second and third order effects from a market crash right?
The president just crashed the market harder than Covid for no reason, and you’re telling me i need less volatile investments? What investment would that be out of curiosity?
Even the union worker who doesn’t have a Schwab account has their pension invested in the market.
Not everyone is a union worker. Almost no one has a pension anymore. I don’t know a single person under 45 with either.
Even if this were true, are you pretty much saying everyone that had a 401k can f off? Like, what exactly is your point? It’s okay for everyone to suffer?
Where did I say any of that?
My apologies I thought you were the same person from the beginning of the thread, which would have changed the meaning behind what you said.
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
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.
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.
Well over 49% of usa Americans make enough to save a thousand dollars . Many are just that bad at managing money. Part of why pensions are important over 401ks.
buddy 401k contributions come out of your paycheck. you can’t equate one with the other. Most people usually check the box to take taxes and contributions out of their paycheck and don’t consider their retirement account emergency savings.
the point your missing is it often is. and it usually equates to to stock market losses. So stock market crashes are when the rich make the poor poorer.
Yet here you poors go cheering on everyones grandma to starve to death. Far left and far right horseshoe death cult assemble.
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the deep irony of slashing pensions for 401k claiming that americans could invest better for their own retirement. They are not cheering crashing 401ks and rushing to cut social security like they also have a concept of a plan for retirement.
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.)
Its liberation day!
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
mooooooncooooooooore!”You mean libation day, right?
ಠ_ಠ
You mean libation day, right?
Lobotomy Day!
The best you’ve ever had!
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Gasp! However, zero sympathy for the MAGA voters losing their asses in the stock market.
Unfortunately I sincerely doubt a lot of them have retirement savings of any significance. There’s a reason Red States are a bigger draw on federal money than Blue States. But if there’s any consolation, once the food prices start hitting again they’ll take notice.
My MAGA friends on Facebook are yelling about “buying opportunities”.
Where is that buying money coming from? I got none myself.
Just as well as this sure as hell isn’t a buying opportunity, some indexes are only at 6 month lows. We’ve barely begun loses wise - 12% off all time highs on the S&P if I recall right, 50% is realistic in my mind
so the chainsaw worked!
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.
