$1 trillion wipeout
And yet everything is the same as it was yesterday in the real world.
this post was submitted on 06 Feb 2026
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you mean to tell me the fake billionaire gambling house is inconsequential unless it's us footing the bill?
I don't get excited about headlines, even if I have no reason to believe they are false.
That said, 9% seems... big. But I don't really know.
It’s wiped out the last year and some.
Let's keep this momentum going!
Good.
It's a lot but it's above its 52 week low and recovered to closed down only 5.5%. It started out the day down and then slowly recovered. It also dropped on the 4th without recovering.
I'm not a stock analyst but I would say there isn't much to be excited out yet. If it continues to drop against larger trends and become the 52 week low, then it would be time to get excited
Ah yes, huge selloff. That must be why we're *checks ticker*... up 1,000 points.
Well as of 10:13:49 am AEDT Saturday, 7 February 2026 over the last 5 days the NASDAQ has lost 1.78% (it would have been greater but there has been a slight rebound)
Well, it's not the end of the world. Not by a long shot. It's share we talk about. It's value depends on what people are willing to pay for it. So much of it is fictive money.
Disposable income is down. Walmart, while also evil to the tune of $423 billion across a family, has better service without a membership.
What are Walmarts shares doing? Are things actually down, or are online shoppers who want fast delivery just shifting marketplaces?
A spooky trend I see is:
- I explicitly avoid Amazon. Fuck Jeff for letting people on his payroll ever need to piss in water bottles.
- So I end up buying directly from my favorite product manufacturers. They now all have good enough websites with online check-out, anyway.
- The product arrives in Walmart packaging.
It seems that Walmart has a prolific drop-shipping business going, now.
It's nice to see people have this attitude towards Amazon. I delivered Amazon packages for 9 months and they treated me like shit. I was offended because even though I told everyone I knew about how they treated me, no one actually canceled their prime when hearing my account.
If you care, you show it. Simple as.
By the time Amazon was a thing in Australia, it was already common knowledge that Amazon treats their employees like shit, so I'm proud to say I've never used anything Amazon (except AWS at work I guess)
Consumer cyclical companies, ones that sell stuff people buy when the market is good and hold off when things are bad, are relatively stable, only down 1.3% in the past 3 months compared to Amazon which is down 15% on he last 3 months. Amazons main cash cow at this point is AWS, so this drop is probably reflective of a lack of demand for compute for AI that was expected by the investors.
Amazon's value is much more closely tied to the tech side than it is to the retail side, so Google and Microsoft would be better points of comparison than Walmart would be.
walmart provides a service, while AI tech does not to customers.
Wait, is it happening? Do I need to dig out that ron paul gif?
Dont get your hopes up. SPY is green still. If spy is -10% then the tech sector will be imploding
Burn, baby, burn!
Disco inferno
As a 51 year old you'd think I'd be worried about a stock crash wiping out my pension, but the joke's on then - I could never afford a pension.
As much as I want the proper bubble burst, most loss will be recovered in a week or two
Word how NPR's financial segment today was talking about the stock market surge today.