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More than US$7 trillion has been wiped out from the stock market this year

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The meltdown of 2022 has wiped out more than US$7 trillion in market value from the blue chip stocks in the S&P 500. The index is down more than 18 per cent since the end of December. The Dow is down 13 per cent as well.

has plunged 28% this year, putting it deep into bear market territory. Nearly $3 trillion of the S&P 500's market cap drop is from the tech sector.

According to data from research firm Bespoke Investment Group, the Nasdaq has plummeted more than 20% in the past 30 trading days. A drop of that magnitude has only happened 11 times before ... and nine of those declines were "associated with recessions," according to Bespoke.

 

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I just wonder how many more billionaires will get richer through this? It always hurts the little people most while the super rich get richer.

Thank goodness for bitcoin… oh wait.

wiped out? More like taken, taken by the institutions using inflation as the vehicle to destroy retail wealth. Inflation cause by a pandemic driven 'anomaly' Pandemic$trillion-stimuLESS supply chain disruptioninflationrate hikes rake retail wealth. Nice plan? Great Reset?

wiped out? More like taken, taken by the institutions using inflation as the vehicle to destroy retail wealth. Inflation cause by a pandemic driven 'anomaly' Pandemic-supply chain disruption-inflation-rate hikes - rake retail wealth. Nice plan? Great Reset?

The STOCK MARKET is NOT THE REAL WORLD & FOR THOSE WHO HAVE MONEY TO LOSE ! What would happen IF IT CRASHED?

Awwww. 'Viral inequality: BILLIONAIRES GAINED $3.9 TRILLION....WORKERS LOST $3.7 TRILLION in 2020

Yep This is a result of 2 years of Covid Restrictions, lockdowns and just plain ol destroying the world economy 100x more people will die as a result of this than from the low mortality rate of Covid

Poll: Is the stock market in 🇨🇦 corrupt? $TSX $TSX.V $CSE

The petrodollar is dying, we are not even close to the bottom imo.

See ya. 👏

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