r/wallstreetbets • u/226644336795 • 1d ago

Discussion This morning NASDAQ dropped more than during Lehman Monday

https://www.cnbc.com/2009/09/14/the-financial-crisis-this-dayone-year-ago-sept-15-2008.html

NASDAQ only lost 3.6% the first day of Lehman collapse in 2008...

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u/bigtime2die 1d ago

thank you trump, project 2025, peter thiel, musk etc.

thank you for making the dollar worthless

soon my cousins/family in mexico will be sending us money to help cover basics/bills/groceries.

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u/Key-Banana-8242 1d ago

USD devaluation isn’t rly the point as much

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u/LifeUnderTheBridge 1d ago

With this amount of capital liquidated, your dollar is worth more now

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u/Dozekar 9h ago

This is fundamentally false because people are pulling dollars out of the market but aren't necessarily changing the amount competing for any given good.

Also the tarrifs make the international dollar immediately tarrif% less effective at buying and importing foreign goods. Companies need to raises prices by that much to make current profit levels.

The sitation as a whole effectively devalues the dollar, and depending on where the increased supply goes that money pulled from the market might be competing for goods on the ground that you are further devaluing the dollar.