547
US stock market loses $5 trillion in value as Trump plows ahead on tariffs
(www.straitstimes.com)
this post was submitted on 10 Mar 2025
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politics
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I’m struggling a little to understand the main aim of this comment. It’s not untrue, there’re just a lot of parts going in different directions and, potentially, coming from different places. Without context it’s kinda just a surface observation, ya know?
Basically, it was just that surface level observation. But in our intuitive minds, we sometimes forget, that money there doesn't behave a medium of exchange like how we use it as common proles. In politics and finance, it's a means of power and decisions, instead.
Does it need to be more?
i think the commenter is just baffled at how drastically overvalued (over hyped) so many stocks are - a well known problem where speculative over investment can and does distort the whole economy and has power over the whole population. see for example, speculation bubbles like the dotcom overvaluation or subprime mortgages, or Theranos, or Bitcoin, or even how Tesla stock was being traded higher than the next 6-8 major car companies combined.
in other words, stock prices are a bunch of bullshit.
stocks arent exactly the same as "money" in the common sense so it confuses people when headlines say money was lost or wiped out. but stocks are similar to money in that they are placeholders for value, however much more susceptible to wild devaluations. because ultimately they're just speculative bets on what something is worth and can fluctuate rapidly, as rapidly and suddenly as human emotions.
But you have context. You're looking at a situation where we see massive changes in the stock market but because the stock market is almost entirely owned by incredibly rich people, you don't see so many lives being destroyed just yet. So every time you hear someone talk about the stock market, keep in mind that they are probably talking about rich people's potential future yachts, and not anything actually happening to the ordinary person right now.
That much I know, and unfortunately the original comment could have pulled from many places. Mostly I was just trying to make sure they weren’t one of those “rich people aren’t actually rich” or “rich people take risks!” people.