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.

  • Jimius@discuss.tchncs.de
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    1 day ago

    Step 1: Crash market

    Step 2: buy cheap stock

    Step 3: undo regulation/get kicked out

    Step 4: market rebounds

    Step 5: Sell stocks for huge profits.

    • ThisGuyGetsIt@feddit.uk
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      2 hours ago

      Nah dude, there’s more to it.

      Step 1: already have a fortune put away in the US stock market.

      Step 2: promise a business friendly environment after the election

      Step 3: get elected

      Step 4: sell off your stocks while confidence is high and market is on the up

      Step 5a: put all your money on shorting index funds with the highest possible leverage

      Step 5b: impose tarrifs

      Step 6: use aggressive foreign policy to prevent foreign buyers from acquiring a share of the now discounted US economy.

      Step 7a: settle short positions get infinite money (Trump will have leverage that us plebs cannot comprehend)

      Step 7b: stabilise economy

      Step 8: use infinite money to buy significant chunks of the US economy

      Once all steps are complete trump is king in all but name even after he leaves office.

      As much as if hate to admit it, the orange clown has pulled a massive big brain play. It’s terrifying what he could be planning next.