Comment on $1.8 trillion was wiped out from the US stock market yesterday, where did it go?

Zwuzelmaus@feddit.org ⁨1⁩ ⁨day⁩ ago

• SatansMaggotyCumFart@piefed.social ⁨1⁩ ⁨day⁩ ago

  I don’t really give a shit about short term ups and downs it’s long term trends I invest for and over the last twenty years I’ve done fantastic.

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  • SaveTheTuaHawk@lemmy.ca ⁨1⁩ ⁨day⁩ ago

    45% of the entire market is now in AI or AI adjacent.

    People said the exact same thing around late 2007.

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    • SatansMaggotyCumFart@piefed.social ⁨1⁩ ⁨day⁩ ago

      Nasdaq was like 2,500 in 2007 and is 25,000 now.

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      • Natanael@infosec.pub ⁨22⁩ ⁨hours⁩ ago

        That requires you to have had your money in index funds, etc. Money invested in stocks in companies that goes bankrupt may simply disappear. Even the index funds can have their value tanked by this.

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