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U.S. stocks see biggest 2-day wipeout in history as market loses $11 trillion since Inauguration Day
(www.marketwatch.com)
this post was submitted on 05 Apr 2025
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How does this compare to 2008?
28 September 2007 S&P 500 was $1526 per share
27 February 2009 it was $735
31 January 2025 it was $6040
Today it is $5074
Ok, so 2008 was a 52% loss in almost a year and a half.
Right now it's only a 16% loss in a little over 2 months.
Someone far smarter than I am could maybe figure out the monthly decline percentage and compare 2008 losses vs now. Don't get me wrong, it's a shitload of money, but it doesn't look like the stock market is anywhere close to reaching 2008 levels of loss.....yet.
Roughly
3.05% per month in 2008
7.75% per month today but the time period is much smaller
Ahhh so this is even worse than I thought because we haven’t even seen the effects of the tariffs yet and probably won’t for a while.
Too. Much. Winning.
We will see how bad it will actually become and if it can match 2008 levels.
What were the first few months like in 08? I was only 13 and already in poverty so I honestly never noticed
In my experience I was in the middle of a transition at work. A company was buying the contract of all the other contract companies and the way they did it was shady as hell. We had to sign new contract agreements and had I not signed the agreement I most likely wouldn’t have been able to file unemployment and finding a job would have been impossible.
I stayed in that job way too long because of fear and the devil you know vs the devil you don’t. I worked at that job and company for almost 10 more years because I liked my immediate boss but despised the bullshit the company was doing. It was not good for my mental health.
Had 2008 not happened, there was no way I was signing that new contract. Many people didn’t and struggled for a bit finding new jobs. My mental health most likely would have been better. But hindsight is 20/20