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.

  • palebluethought@lemmy.worldEnglish
    33·
    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
      16·
      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?

  • ABCDE@lemmy.world
    23·
    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?

  • robocall@lemmy.world
    23·
    5 months ago

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

  • RagingHungryPanda@lemm.ee
    21·
    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.

  • steeznson@lemmy.world
    15·
    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.

  • carl_dungeon@lemmy.worldEnglish
    8·
    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.

  • TheBigBrother@lemmy.world
    8·
    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.