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6 posts5 participants0 posts today
Continued thread

1987

“The rallies came after a worldwide wave of panic had swept #stockmarkets yesterday, with an unprecedented 25 per cent slashed from prices on the #Australian market.

Amid extraordinary scenes, investors crushed into public galleries around the country watched in horror as the key market indicator, the All Ordinaries index, crashed 515 points to 1549, wiping a massive $55 billion from the total value of all #shares #traded.”

I was an Undergrad that year. Myself and a mate walked down to Collins Street to watch the crowds milling about the trading house. Watching their stocks being wiped out. Bloody hilarious.

I hope this crash, crushes private housing investors as the money market dries up, firms collapse, people become unemployed.

The young deserve a chance at home ownership.

<theage.com.au/business/markets>

#AllOrds / #stocks / <theage.com.au/business/markets>

US #stocks #plunged today, with the S&P 500 suffering its biggest #decline since March 2020.

#Shares of multinational companies #tumbled. Nike & Apple dropped 13% & 10%, respectively. Tech shares dropped, with chip-makers Nvidia off 7% & Elon Musk’s Tesla down 5%.

When asked about the market reaction to the tariffs, Trump said: “The markets are going to boom. The stock is going to boom. The country is going to boom."

Continued thread

10/🧵

The numbers for...

Today
The last month
Year to date
1 year
Share price = us$
Market cap (#shares x price)

...all down, unless noted

#tesla 3.5% 6.3% 30% up50% $263 $875b
#google 5% 8% 18% up1% $154 $2.03t
#apple 2.6% 8% 10.6% up25% $217 $3.33t
#meta 4.3% 12% 3.75% up17.4% $576 $1.55t
#sp500 2% 5% 5% up6.4%
#dow 1.7% 4% 2% up5%
#nasdaq 2.7% 6.4% 10% up5.6%

#broligarchs! google is down 18% in 2025 and up only 1% since 12 months ago

Continued thread

7/🧵

The numbers for...

Today
The last month
Year to date
1 year
Share price in us$
Market cap (#shares x price)

...all numbers are down, unless indicated

#tesla 6.6% 12% 29% up51% $269 $895b
#Google 3% 5.5% 12.6% up9.8% $165 $2.06t
#apple 1.2% 9% 9.3% up30% $221 $3.32t
#meta 2.7% 9.3% up1.7% up23% $609 $1.57t
#sp500 1.3% 4.8% 2.8% up9.6%
#dow 0.5% 3% 0.01% up7.9%
#nasdaq 0.4% 3.5% 0.1% up24.3%

The #broligarchs are bleeding "value" in 2025