U.S. stocks poised for biggest two-day wipeout in history as market loses $9.6 trillion since Inauguration Day

[UpInArms]

Source: Marketwatch

U.S. stocks have wiped out roughly $9.6 trillion in value 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 $5 trillion of that figure has occurred on Thursday and Friday alone, what would be the largest two-day wipeout of shareholder value on record, Dow Jones data showed.

…snip …

Ahead of the weekend, fears were focused on a trade-war escalation, where “the U.S. doesn’t back down,” said Jay Woods, chief market strategist at Freedom Capital markets, in comments shared with MarketWatch via email. “If we are to punch back, you could have damaging effects to not only the tech sector, but the economy overall. This could throw us into a recession and could end the bull market as we know it.”

Most major U.S. equity indexes haven’t seen such a rough start to a new presidential term since the beginning of George W. Bush’s tenure as president in 2001. Back then, stocks were caught up in a punishing bear market as the dot-com bubble deflated. A bear market is typically defined as a drop of 20% or more from a recent high.

Read more: https://archive.ph/tS9X6

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[Ziggysmom]

1. And the cause of all this mayhem?

Fucking GOLFING in Florida!

[Bernardo de La Paz]

2. Nasdaq is in bear market territory as of today, Russell 2000 as of yesterday . . . .nt

[Bengus81]

8. The DOW was down at one time today around 1,925 or so. It's bounced back up to 1,700 right now

But... bad news is that this Friday,there could be a massive sell off this afternoon when it gets close to 3pm CST.

[Farmer-Rick]

17. Well, they are all in the red now

Continuing to drop. Time to buy?

[Bengus81]

18. Dow still tanking. I'd wait till Monday and see what happens,

stocks can tank bad on a Fri at closing especially today....

[UpInArms]

26. bear market - can last for years

definition:

A bear market is a period in which stock prices decline by 20% or more from their recent highs, often accompanied by widespread investor pessimism and a weakening economy. These markets can last for several months or even years, and they are considered the opposite of bull markets, where prices are rising.

[kimbutgar]

3. I don't even want to look at my investments and retirement funds because it would really depress me !

[AllyCat]

20. Don't. It's not pretty.

[IronLionZion]

4. Trump insiders are likely trading based on insider information about his nonsensical policies

this is deliberate market manipulation.

[Bengus81]

6. Yep...people with loads of money can make a fortune in this kind of market

[taxi]

9. Exactly. The headlines scream about how much money

the large corporations and their owners have lost in this fallout. The story needs to be told that the corporations and their owners have lost nothing. They aren't selling shares at a loss. If anything, they are buying up what investors are selling at a loss. I suppose it's okay if everyone enjoys the schadenfreude they are feeling, thinking that the oligarchs are finally paying a price. We'll see.

[Bengus81]

5. And....why would anything change on Monday to make the Markets rise? It won't unless

Fat Hoover backs off. We all know his fragile ego will NEVER let that happen so on this will go next week.

I don't see Canada and Mexico backing down to this NAZI... and most of Europe I would think.

[Bernardo de La Paz]

12. No market goes monotonically downwards to its bottom

The market will rally back at some point, probably multiple points, on the way down to its eventual bear market bottom. Notice how in the bears below, the moves down are jagged, indicating counter-trend rallies on the way down.

When sentiment is this extreme, as it has become, it often sets the stage for counter moves. On the other hand, in October 1987, the market went down about 3% on Thursday, 4% on Friday, and then down over 20% on Monday. As a result, the regulators put in "circuit-breakers" to pause trading when certain downfalls are reached and halt it for the day if it gets bad enough.



(Note that the bear markets have been displaced downwards for graphic effect. You can mentally slide them up.)

[Bengus81]

19. Perhaps on Monday a break...but this is a global shit storm Trump has unleashed that

effects all stocks,all sectors everyone and nothing will change. Now you have Trump WH insiders saying that he just doesn't give a fuck.

The MSM runs with that and it tanks 3,000 points on Monday. He has to make this stop,he won't it would show weakness.

[Trueblue Texan]

22. He'll do about as much to stop it as he did to stop CoVID....

he is a one man wrecking crew. Everything he touches dies.

[malthaussen]

7. If it weren't for the fact that so many people have 401ks tied to the market...

... I'd be laughing like a hyena at this. Sweet to see all the billionaires losing huge portions of their play money.

The fact that it hurts regular people much more than the billionaires ruins it. I'm never allowed to have any fun.

-- Mal

[Bengus81]

15. True..but as we've told MAGA morons over and over what Trump does to Dems will hurt you too

Now their finding even more than a few weeks ago about this POS.

[Cheezoholic]

10. DOW 35k is a black magic number. It starts to dip below that its giving back its post pandemic recovery n/t

[Bengus81]

14. DOW just hit -2,000+ on the day. Way to go Trump........

[LudwigPastorius]

11. ...and just like that...

[exboyfil]

13. Glad I only have about 20% of retirement in equities

Wish it was zero. Still losing 1/2 a year of work is painful.

[Mysterian]

16. Thanks, republican voters

You stupid motherfuckers.

[TNNurse]

21. The choice of music is perfect.

Just on a humorous note, I once attended a dance recital for a great-niece. It included groups of several ages. But when the middle school girls came out to tap dance to Wipe Out, brother-in-law leaned over and whispered, " I never thought you could dance to that, and I was right". Had to put my hand over my mouth to keep my laughter under control.

[littlemissmartypants]

24. Snort.

[Scrivener7]

23. And futures after the close are all down more than 5%.

[Bernardo de La Paz]

29. I think that is in 24 hours or compared to Thurs close. I think that is just a percent or so from Friday's close. . .nt

[Yo_Mama_Been_Loggin]

25. Stock market closes week in bloodbath as Trump's tariffs cause historic two-day drop and wipe out $6 trillion

The stock market closed with a bloodbath on Friday as the Dow Jones lost 2,231 points and the S&P 500 dropped 6 percent as investors are spooked about the impact of President Donald Trump’s tariff plan.

This marks the worst week for the stock market since 2020, and only the fourth time in history that the Dow lost 2,000 points in a single day. Market-wide losses over the last two days now total a record-breaking $6.4 trillion, according to the Wall Street Journal.

Friday had already started badly for the Dow when it lost 1,000 points at the opening. The plunge just continued from there. The NASDAQ didn’t do better and ended the day with a loss of 962 points. That comes after the NASDAQ lost more than 1,000 points on Thursday during a historically bad day.

The Dow now nears “correction” territory - which is when a market loses 10 percent of value from its high.

https://finance.yahoo.com/news/stock-markets-expected-continue-plunge-122441683.html

[usregimechange]

27. Nasdaq falling into a bear market, on trade war worries.

[republianmushroom]

28. Only the best republican people.

[Karma13612]

30. I took my 401K from a targeted stocks retirement fund

And placed it in a money market fund which includes US Treasury bonds.

I did this on November 15 2024 after Trump won the election.

I’ve been retired for 6 years.

At 71 years old, I could not weather another down turn like the one I faced in 2000 and again in 2008. I looked at the graph a few posts above mine and can spot where those two horrendous events happened. Just when I started to see light at the end of the tunnel, Trump got elected. I knew he was capable of destruction, but this is beyond what I had anticipated.

I am so glad I made the move. Each month, I get a small dividend and my principal is intact. It is now higher than what it was in November before the election. I hear people telling me I won’t keep up with inflation. Meh. I’m good. If I had listened to them, I would be down a sickening amount.

My conservative, Trump-trusting financial advisor was skeptical about my decision but it was best for me.
I would be suicidal right now if I had stayed in.

[Jarqui]

31. Each of the 340 million Americans lost $28,824

if they equally shared the $9.6 trillion loss since the fraudster felon rapist was inaugurated

[Jack Valentino]

32. Quite an achievement!

Next thing you know, he'll be competing with Herbert Hoover and George W. Bush for the greatest economic downturns!