U.S. stocks see biggest 2-day wipeout in history as market loses $11 trillion since Inauguration Day

where the money foes its quite easily. The majority will just evaporate.

the thing that didn't exist in the first place evaporated. that doesn't sound weird to you?

also "how much people think a company will be profitable"... you just described a confidence game and gambling.

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.

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.

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).

Lobotomy Day!

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.

I don’t know if people will hit the banks.

Back on black Tuesday, most things were bought with cash.

Now everyone either uses debit or credit. I don’t think there will be the big of a demand for cash unless one of the big banks says it has run out.

I do think that the credit market might implode within 6 months, as many Americans will probably forgo paying their debt to buy food for the week, and the credit companies will not have the capacity to squeeze blood from that many stones at once.

If consumer credit crashes, then the consumer economy essentially collapses, as a huge chunk of the population essentially lives on a knife edge between their bank balance and credit limits.

I give it at least a month before this all really starts to go tits up.

Anyway, I’m gonna go buy some waterproof storage bins and about 500 pounds of rice and beans tomorrow, just because that’s my new hobby.

Annual average growth of the stock market is around 7%. That means some years it might be +21% and the next year -5%. Now we're about 2% on the negative from a year ago. That's not great but it's not catastrophic either. I bet that in few years this particular dip is just one of the many and it'll barely even register on the graph.