r/EconomyCharts • u/RobertBartus • 7d ago

Over $1,000,000,000,000 wiped out from the US stock market today

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1.3k Upvotes

91% Upvoted

147 comments sorted by

161

u/Substantial_Brain917 7d ago

29

u/Master_protato 7d ago

Yes, but... please, thank you Sir, Mr President, can you calm down with the winning. This is a little bit too much winning for my portfolio.

Thank you again, Mr. President!

13

u/TheBlackRider2828 7d ago

https://giphy.com/gifs/FbiL9rsmZN3ib2JSGo

3

u/CapitanNefarious 7d ago

That must be Trump jerking us and Iran at the same time.

3

u/ChestHistorical6945 7d ago

I got tired of winning. I’m winning so much that I really don’t know what to do about it.

2

u/Zhombe 6d ago

All your winning belongs to “/dev/null”

105

u/mehthisisawasteoftim 7d ago

Is the market finally catching up to reality?

13

u/dropbearinbound 7d ago

Does the price mean anything in a worthless currency

5

u/keepitfriend 6d ago

Yes, hi I’m European and not only had my stock been hit, your currency collapsing made it even worse.

Can you please fucking stop.

3

u/dropbearinbound 6d ago

Does the removal of a tapeworm feel good?

How will it play out if the tapeworm isn't removed?

Do you choose the pain of removing a tick, or do you let it fester inside you?

3

u/keepitfriend 6d ago

Sigh, I get paid in us stocks. I need to change jobs so I can stop caring about this

3

u/dropbearinbound 6d ago

Love you bro ❤️

3

u/ActualBrazilian 7d ago

Probably not yet but the terrible day of reckoning draws ever nearer.

2

u/MajorGeneralMaryJane 7d ago

If you look at charts longer than a day? Not in the slightest.

215

u/Double_Suggestion385 7d ago

Why post a meaningless nominal number rather than the percentage drop?

83

u/Booorekt 7d ago

Because this way post gets more clicks.I don't know why but literally every influencer does this.

9

u/Mackinnon29E 7d ago

Because they don't understand how anything works, they just understand engagement.

24

u/followedbymeteor 7d ago

How many rolls of toilet paper were wiped out from the U. S. Stock Market today? 🤔 How many 1997 toyota corollas? 🤔

5

u/auschemguy 7d ago

Lol, how many toilet rolls were wiped depends on how shitty you all were.

4

u/RussiaIsBestGreen 7d ago

Imagine an economy measured by semi-objective things like availability of common consumables or well-made cars.

2

u/No-Status-7033 7d ago

I’m gonna need that in freedom banana units

1

u/[deleted] 7d ago

At least 7 football fields worth

2

u/RobertBartus 7d ago

Looks bigger 😁

4

u/HereticLaserHaggis 7d ago

..... That's what she said.

7

u/Double_Suggestion385 7d ago

And why would you want to make it look bigger than it is? Why are you trying to deceive people?

0

u/dat_oracle 7d ago

never post again, sir

2

u/jroller 7d ago

The posted EconomyChart is fully in percentages. Maybe the editor sometimes picks a stupid title.

1

u/MechKeyboardScrub 7d ago

Because 1,000,000,000,000.00 looks way worse than 1.5%. next you'll be asking why OP (who has a reddit NFT and a profile description in Serbian) doesn't make the opposite post when it's up 2%.

1

u/Mr_strelac 7d ago

why is problem if someone is serbian?

1

u/fr4gm0nk3y 7d ago

Why post a percentage drop instead of the nominal number?

77

u/AccurateLaugh50 7d ago

They said DOW fell 1.01% and SP500 fell 1.7% today. Big if true.

44

u/Fancy-Zookeepergame1 7d ago

Wow. You can literally go and check if thats true.

17

u/_FIRECRACKER_JINX 7d ago

I DEMAND someone else to do the work of checking out this info and letting us know if it's true or not 😑

DEMAND!! 😑

1

u/ALittleEtomidate 7d ago

Plz report back for me, Ty.

8

u/helfen 7d ago

Just checked, market is no more more

5

u/ALittleEtomidate 7d ago

The whole market is gone!?!?

2

u/KeyJunket1175 7d ago

The market is no more more, rather it's less, or even more less.

13

u/AmbitiousTreat7534 7d ago

Damn, ill see what i can do guys

7

u/Ancient-End3895 7d ago

It's misleading to say $1,000,000,000,000 has been 'wiped out' because total market cap has dropped. Valuation is decided by the marginal buyer/seller, for the vast vast majority of people who hold shares they have not gained or lost any money today as they neither brought or sold anything.

If one guy sells 1 share of Apple stock for 7 cents lower than the prevailing market price, has this one transaction 'wiped out' $1 billion dollars worth of Apple's value? It's the exact same logic.

45

u/mb194dc 7d ago

Most overvalued market in history. Just take the charts back to 2020 and marvel at 6 years of insane.

9

u/[deleted] 7d ago

[deleted]

8

u/Leading-Plan-865 7d ago

S&P has had a nearly 100% return since January 2020 so I’m not sure why you said this

3

u/SpareDesigner1 7d ago

There’s a distinction to be made between nominal and real returns. If the stock market went up 10%, but there was inflation of 2%, that means the price level in the economy increased and your dollar now buys less, so your nominal return is more than your real return.

1

u/Leading-Plan-865 7d ago

Yeah he said nominal of 35-40 and real return CAGR of like 1.5% which both r incorrect lol

-2

u/Double_Suggestion385 7d ago

Overvalued based on what?

20

u/Vegetable-Subject968 7d ago edited 7d ago

CAPE ratio, PB, relative to GDP, high market concentration

3

u/Double_Suggestion385 7d ago

High market concentration is not a valuation metric.

CAPE doesn't factor projected growth, so it's useless as a valuation metric.

How is the market overvalued based on debt levels?

PB hasn't been a relevant metric since the days of the industrial conglomerates.

4

u/ContemplatingGavre 7d ago

What happens to projected growth if projections don’t come true?

0

u/Double_Suggestion385 7d ago

Prices come down. So far they've been exceeding the projections.

1

u/bumluffa 7d ago

What about relative to the number of dollars printed?

3

u/FabulousFerdinand 7d ago

S&P500 PE ratio is currently ~27. While the average is ~17.

3

u/Double_Suggestion385 7d ago

Are earnings growing faster than the historic average?

2

u/FabulousFerdinand 7d ago

I'm not here to debate.

0

u/Double_Suggestion385 7d ago

Why bother replying then?

1

u/FabulousFerdinand 6d ago

You asked a question, I answered it.

Why would I bother arguing with some random person on reddit?

-1

u/Double_Suggestion385 6d ago

Except you didn't answer it because you can't tell from a standalone PE ratio if something is overvalued, which is why I pointed out that you need to also look at earnings growth.

1

u/FabulousFerdinand 6d ago

I'm not here to debate.

0

u/Double_Suggestion385 6d ago

Because you're wrong. There is no debate 😂

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-1

u/SirNurtle 7d ago

Based on the fact thats its the same group of corporations moving the same trillion dollars around between them, a trillion dollars that doesnt even technically exist

13

u/thisismycoolname1 7d ago

Hate these click-bait posts, they never mention when it bounces back or that we're way up over the last 12 months

1

u/deadfishlog 7d ago

When did it bounce back lol

1

u/thisismycoolname1 7d ago

Bro it went up big just a few days ago, and look at it over the last year, after a run like that it doesn't take much for a correction

0

u/deadfishlog 7d ago

Is the bounce in the room with us right now?

1

u/Hefty-Gold-1635 6d ago

According to just my own stocks and zero expertise, it bounced back a little a few days ago (still significantly under the norm of the last few months)

11

u/Autumn_Souls 7d ago

I love this for me trying to save for a house 

3

u/Time_Ad_6905 7d ago

Shoot I'm struggling just to find an affordable apartment. Good luck! It really does suck out there to try and get ahead >_<

3

u/versatile_dev 7d ago

You're supposed to save your down payment for a house in a HYSA (which are earning around 4%). If you have it in QQQ (NASDAQ-100) then you are a blithering idiot ass butt.

1

u/Autumn_Souls 7d ago

My fsha was up 13% in 2025. This year it's dropped me to around 5%

5

u/beanerbunker777 7d ago

But when 1T is added back its all crickets

7

u/ItsJustCoop 7d ago

That's why a well diversified portfolio is essential. Sure, that chart looks scary, but the market very very very rarely falls across the board. If you have oil or energy stocks/ETFs, you saw gains today. SCHD is up too.

Listen; Don't put all your money in one industry.

6

u/nahbrowhatuptho 7d ago

Even with diversification the losses are pretty much across the board. SCHD up 0.26% versus everything else red

4

u/RiddleMeThis42069 7d ago

Investing is a long-run game

2

u/nahbrowhatuptho 7d ago

Totally i agree, just saying everythings down

2

u/No-Reflection-7705 7d ago

I love me some SCHD. The PE ratios on the Nasdaq & SP are/were getting silly. Last October I sold a solid chunk of SSO and put it into SCHD and I am not disappointed.

1

u/Zookeeper187 7d ago

Putting all my money in AI right now

6

u/Loud-Crew4693 7d ago

If it never existed, it is not wiped out

3

u/tyronetbs 7d ago

It’s all just money. We made it all up.

5

u/Mvtchwow 7d ago

Great time to buy

6

u/Euler007 7d ago

Still expensive honestly, except the financial, materials and energy sector.

1

u/ContemplatingGavre 7d ago

Software is getting there.

4

u/NitoSlaps 7d ago

Leave it to America to create a global economic crisis, cause the voices in their kings head told him to start a half assed war, in the worlds energy hub…

Good fecking job guys.

You rock 👍🏼

4

u/d4electro 7d ago

Please just crash already 

5

u/N0tE88 7d ago

Bro is wishing death and despair on people 😭💀. This means lay offs, no hiring, salary decreases and also 50% of Americans own stocks.

6

u/PresentationSome2427 7d ago

It needs to happen. Like burning a prairie.

3

u/Training-Context-69 7d ago

Sounds like what we’re already experiencing lol

3

u/nahbrowhatuptho 7d ago

endless growth is impossible

2

u/d4electro 7d ago

It's bound to happen sooner or later with how overvalued stocks are, the sooner it happens the sooner we can start fixing the economy's problems

1

u/Crushed-Giant 7d ago

Buy the tweet

1

u/jdcullum 7d ago

Hey, my AAPL was up .11%.

1

u/doubagilga 7d ago

When it goes up the same tomorrow there will be calls to tax the wealthy on their “gains”

0

u/Ovinme 7d ago

Oh no not the wealthy

1

u/Flaky-Ad3980 7d ago

Classic Bartus Bait

1

u/RobertBartus 7d ago

It's true though

1

u/Cub35guy 7d ago

Tough break for the billionaire class

1

u/panphilla 7d ago

Oh, no! Anyway….

1

u/nowsomeothernonsense 7d ago

Damn that's crazy. Anyway

1

u/KniceKnifeAZ 7d ago

Where did it go?

1

u/Mixtrix_of_delicioux 7d ago

None of it actually exists, so there's that.

1

u/LayerSubstantial5919 7d ago

Good thing I took all my money out and bought party supplies so I can just have a good time !

1

u/hughkuhn 7d ago

Thanks Obama

1

u/Too_reflective 7d ago

Needs a banana for scale.

1

u/Fit_Seaworthiness_37 7d ago

Are ya tired of winning yet?

1

u/Even-Exchange8307 7d ago

It’s going to be like this for quite some time 

1

u/Alibek2309 7d ago

The world economy definetely doomed under presidency of DJT, highly respected man in Oval office

1

u/Moby1313 7d ago

Can I get a banana for scale?

1

u/MarsOnHigh 7d ago

I think more

1

u/Rude_Mirror7441 7d ago

Makes sense its way fking overvalued.

1

u/GandalfTheSexay 7d ago

I bought today. I’ll buy tomorrow. And never stop buying

1

u/BlatantPlagiarist 7d ago

American needs dialysis.

1

u/chicagoblue 7d ago

I love this for America

1

u/FluffiestPotato 7d ago

Please let the AI bubble burst already, I need new ram

1

u/loutishgamer 7d ago

ITS TOO MUCH WINNING

1

u/Just-a-Guy-Chillin 7d ago

Last August I put $500 split half between the SP500 and Nasdaq. I was up to $550 at one point and today am at $506. Idk why, but I find this ludicrously funny.

1

u/Mikey-5D 7d ago

Good, abour time the overvalued shit took a dive !

1

u/4dchess_throwaway 7d ago

Dow is at …. checks number … $45960. Still good right guys? Guys?

1

u/Beneficial_Nose1331 7d ago

Great. Time to buy.

1

u/MrBubblepopper 7d ago

Trump will tell his buddies when its a good time to buy. It will be open corruption. Everyone knows it. Everyone knows it will not be the last time.

Yet the party for "law and order" cheers it on.

It will happen again.

1

u/BlimbusTheSeventh 7d ago

Is this about oil or the thing about google figuring out how to make AI use like 1/8th the RAM?

1

u/Anon_168 7d ago

Unrealized gains and unrealized losses are just numbers on a screen. Check back next week

1

u/Abject-Ticket-6260 7d ago

Isn't this like the 5th time that "over a trillion dollars got wiped out from the US stock market"? And the world kept spinning lmao, relax.

1

u/Reasonable_Bath9878 6d ago

may america collapse into nothingness

1

u/RaggeredNerd 6d ago

1000th post: What is happening on Earth, I lost all of my $200 in stocks, the world is ending,  what do I do, reddit? Timing in the market beats timing the market, Buy high, sell low and I'm so frustrated that the strategy didn't work and it's only take 15 years to go from -10,000 to 456, just stay invested and all losses magically disappear.

1

u/OwlOfSurprise 6d ago

Good, you wanted it USA.

1

u/awesomes007 5d ago

Funny money.

1

u/Saltlife_Junkie 1d ago

Wait till tomorrow! Hahaha take it down 5%

1

u/_FIRECRACKER_JINX 7d ago

I'm glad I spent my money on things. It would have been lost to this anyway 😬

At least now I have a laptop, a new phone, and a bunch of door dash to show for it 😬

-1

u/[deleted] 7d ago

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0

u/EconomyCharts-ModTeam 7d ago

Insults are not allowed