From the article:
Nvidia declined 7%, Oracle, and AMD dropped 8.8%, Meta and Microsoft dropped around 4%.
These are amounts that stocks often fluctuate. Percentages are what matter. Phrasing it as a big dollar value was lost is always manipulative framing.
The market is big. There are more than a few shares. A small change becomes a big number when multiplied by the size of the entire market. $800 billion is basically meaningless.
The numbers are fake anyway. Market cap is the value if all existing shares were sold at the current price. Nonsense. Selling all the shares would change the price in some way.
Holy shit, this is perfect 😂😂😂
This is all utter horror, the Great Depression is already upon us in the coming weeks or months, that’s what a fun year 2026 is going to be.
And then, as a pretext, they’ll introduce a digital concentration camp with CBDC.
This is what Trump wants to justify lowering rates. Trump wants catastrophe and terror to claim hes the only one who can fix it. When in actuality he caused the problems, has declared 7 bankruptcies in his business Career, and has now bankrupted America by having a shutdown and not paying it’s employees, snap programs, cancelation of USAID and many much more.
Never have I seen greater evidence that the ultra-wealthy are fundamentally catastrophic for the economy.
Aside from the last like 100 billion pieces of evidence that came before this well predicted one.
Oh no?! The imaginary money that doesn’t actually exist now has less than before?! Whaaa! I’m sad now.
“The S&P 500 posted a loss of 1.6% this week.”
Wow, it sure is popping. Nvidia is only down about 0.25% compared to a month ago. Lets keep this week’s pace of pullback going for a few more weeks and maybe then we can talk about a pop. The bubble is so absurd that 800 billion is relatively not even that much in percentage terms.
Lots of people says gg here. But trump is to the economy what global warming is to the climate. It spikes up and down. The nasdaq still has double digit gains on the year after this drop. When the bubble really bursts, the fall is going to be much much bigger.
That said, the conspiracy theorist in me says this is just a thing orchestrated by companies that want to buy AI startups at a better price. Apparently there has been a ton of consolidation going on in that space.
Believe me now?
😱 – 😉.
Millennials out here preparing for their 5th once in a lifetime market crash.
I went through the oil embargo 70s, a couple of Reagan recessions, a Bush I recession, all before 2000, when Republicans really got their nation-destroying chops together for some proper, world class economic irresponsibility.
Those weren’t on the scale of the housing and Covid crashes. Dot con was pretty bad, but still nothing like 2007/8
The 70s was really terrible, and lasted nearly an entire decade, but yeah, everything between that and 2008 was secondary.
Still, it demonstrates that the economy is usually at its worst under Republicans, and disastrous under MAGAs.
They have the self-described reputation as economically responsible, but in reality, they always screw up the economy. Carter, Clinton, Obama, and Biden all entered office with an active Republican economic downturn of their own making, and we’re forced to clean up the Republican mess before they could get their own agenda underway.
Biden not only had an economic recovery to navigate, he also had to launch an emergency Covid vaccination program, and he accomplished both ahead of schedule. If he had dealt with the severe national security threat of MAGA, and crushed them, and kept them out of office under the 14th Amendment, he’d be one of the Top 10 presidents of all time. Instead, his Covid/Economic successes will be forgotten, and he’ll be in the bottom 15.
I finally had some 401k savings that I was getting this year. I just put it into a guaranteed fund, I ain’t gambling with this house of cards.
Sixth for GenXers. So tired of this shit.
I’m an Oregon Trailer, are you counting the savings and loan crash, or am I missing one in the 90s?
- savings & loan
- dot com
- 9/11
- housing bubble
- Covid
- AI
I feel like I’m taking crazy pills.
That’s the base of the new food pyramid.
I thought it was microplastics. I know that the top is a single egg,
I’m just waiting for cheap 60xx series gpus.
Most of these “GPUs” have no video output :)
We must be cats
Let’s see 2000, 2008, 2020, what am I missing?
History rhymes so 202…
It’s good to have crashes regularly, that’s when you can buy on the cheap
This is why the people who have lots of money love instability, they get to profit off the losses endured by people who don’t have enough to rebuild.
Now if only I had money
All of mine is tied up in the stock market!
Wait
The most obvious global collapse of a stock
Holy shit. That’s almost one Elon Musk’s Salary dollars
That’s more or less how I deal with any economic numbers these days. Just one mans salary. No big deal.
He eventually buys up all ai companies for nickels on the megadollar and copy strikes all unauthorized ai providers.
The only resistance left is the decentralised group of people running outdated and decensored LLM’s for erotic RPG.
We’re doomed
Finally … move on to something else.
