Economy

So another way to look at is "rich people now have $1 trillion more in cash now than they did yesterday".

Which is a way of saying $1.15 trillion investor dollars are no longer convinced they can continue to grow via stock appreciation, and are convinced they are more valuable over time taking real losses from inflation when held as cash than they would be from even greater predicted future losses in stock valuations.

Normally, I would say that this money would be reinvested into other assets which are percieved to appreciate.

But when you have Warren Buffet selling off massive amounts of his stocks this week and a few weeks ago... and just holding it as cash...

... and also basically every single economic indicator is showing a very near term massive downturn, when the market cannot predict the near term future due to wildly erratic tariff threats and deporting most of our farm labor...

...when interest rate cuts don't actually fuel debt based growth because everyone's credit scores are shit and delinquencies are high, so no one is actually credit worthy enough to lend to, when the housing market is beginning to crash, when basically every major corporation you've ever heard of is announcing massive layoffs, when the government under which all this occuring is undergoing a coup/constitutional crisis...

Uh yeah, looks like smart money has realized that basically all current investment strategies are too risky, so the best move is to just sit on cash, as the expected loss from general inflation is looking to be less than all the wealth you'd lose from pouring investment dollars into anything right now.

The energy is being withdrawn from the spring because the spring is rotten and rusted and expected to snap and break, and that energy will go toward building and compressing a new spring after the shrapnel has taken out everyone who didn't get out early.

When investors en masse just withdraw into cash, that's usually a sign that everything is about to collapse.

Capitalists like safe, stable environments to invest in. Volatility bad.

But Trump and Elon are erratic volatility incarnate, mistakenly thinking they genius businessmen.