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.
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.