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.
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