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[quote=Anonymous]I don't think you can characterize it as panic selling, but rather people adjusting to the reality of Trump/Musk wanting to do away three-quarters of the federal government jobs. These jobs have hundreds of thousands of adjacent contractors and businesses. If this occurs, the DMV will be like Detroit or any other city where the major employer dies off. https://www.reuters.com/world/us/musk-speaks-jpmorgan-event-attended-by-ceo-dimon-source-says-2025-02-07/ Musk took the stage with his mother, Maye Musk, for a conversation moderated by David Rubenstein, co-founder of private equity firm the Carlyle Group (CG.O), opens new tab. The conversation covered a wide range of topics, including the scope of work of the Department of Government Efficiency, spearheaded by Musk. DOGE has goals of eliminating entire federal agencies and cutting three quarters of federal government jobs. [/quote]
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