I’ve been hearing reports that “the market is way down” (due to Kamala/Democrats/god knows what else) and family members making comments that we better sell or liquidate our stocks.

I would never do that of course, but are right-wing folks actually jumping on the “sell-low” bandwagon? It seems too crazy but their media is always telling them dumb shit that kills or hurts them so its sorta par for the course in my view.

  • amio@kbin.run
    0·
    5 months ago

    I’ve been hearing reports that “the market is way down” (due to Kamala/Democrats/god knows what else)

    And how would you estimate the likelihood of any part of it being… uh, true? What are they basing it on, does it seem to check out with reality?

    I mean, surely these allegations wouldn’t, in a truly shocking twist, have come from their (notoriously pathologically dishonest) political enemies, right?

  • bradorsomething@ttrpg.network
    0·
    5 months ago

    If they are, they’re making great entry prices for value investors. We all realize the market is at the 3-month-ago all time high, right?

  • carl_dungeon@lemmy.worldEnglish
    0·
    5 months ago

    If you think them selling low is too crazy, wait till I tell you about some of the other things they’ve done over the last 50 years.

  • ABCDE@lemmy.world
    0·
    5 months ago

    There was some chump who put his retirement into that odd right-wing social media thing, then it tanked and he sold… and told everyone not to invest everything they have into one stock. Like… yah?

  • RagingHungryPanda@lemm.ee
    0·
    5 months ago

    No, the general idea is that people took out 0%/ low interest loans in yen to buy assets. The rates went up and a bunch of people sold, causing a 12% drop, but then it went back up 10% the next day.

    There are other things going on, like the jobs report in the US, but that was the big thing.

  • palebluethought@lemmy.worldEnglish
    0·
    5 months ago

    That’s… An extremely bizarre take on what happened, and on whether selling would be a good idea. The stock market almost never has anything to do with electoral politics, and electoral politics almost never have anything to do with what your market position should be.

    • candybrie@lemmy.world
      0·
      5 months ago

      Right-wing media often have weird takes about, well, everything. If there’s something negative going on in the economy, they’ll definitely blame democrats even if it makes no sense. And their solutions are just bizarre. Like they boycott products by buying them and then destroying them.

      So, I think the question is is there actually evidence people are selling right now because they were told to?

      • OwenEverbinde@lemmy.myserv.oneEnglish
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        5 months ago

        I think if you’re a right winger in the stock market who still has money (hasn’t lost it all yet), you’ve proven yourself capable of at least enough double-think for your WORDS to say “the market is in shambles! The economy is trash! Biden is destroying America!” while your ACTIONS express confidence in all of the things supposedly doomed by our supposed dictator Biden.

  • robocall@lemmy.world
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    5 months ago

    Some MAGA people probably listened to Trump shrieking about the stock market on Monday and caused them to panic-sell.

  • TheBigBrother@lemmy.world
    0·
    5 months ago

    The best moment to sell it’s when the price is high and the best moment to buy it’s when the price is low so I expect people will buy and the value will boom.

  • steeznson@lemmy.world
    0·
    5 months ago

    Automated trading makes any disturbance get amplified. Many companies specialise in high performance computing software that will ideally trade stocks a fraction of a second before their fastest competitors can, thus turning a profit. However the proliferation of these automated trades means that stock rises or falls experience pile ons where many stocks are bought or dumped without any human intervention.