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U.S. stocks see biggest 2-day wipeout in history as market loses $11 trillion since Inauguration Day
(www.marketwatch.com)
How does this compare to 2008?
this post was submitted on 05 Apr 2025
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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
Let's see if he can make that number $111 Trillion lost by the end of May 2025.
Putin will be pleased.
Now I know why Trump, during his rally, said people would ask him to stop winning.
Its liberation day!
"Drill, baby, drill"
Stock market: "To the ~~moooooon~~ cooooooooore!"
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!
The best you've ever had!
Is this the red wave?
Certainly there's bleeding
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
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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Are we winning yet?
Nope, but someone believes there's a plan 🤔
https://unherd.com/2025/02/why-trumps-tariffs-are-a-masterplan/
That’s a lot of words to say Americans should expect a rapid decline in their standards of living so we can drive down the price of our own labor due to people being desperate.
That seemed like rambling wheels within wheels nonsense.
Liberating the fuck out of our wealth. <teamAmericaTheme.wav>
We use .flac around here /s
Into the hands of billionaires, who will be the only ones left able to buy up whatever they deem still has value.
So much winning!
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