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Did conservative folks just liquidate a bunch of their holdings? (lemmy.world)

submitted 3 months ago* (last edited 3 months ago) by [email protected] to c/[email protected]

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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.

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[–] [email protected] 45 points 3 months ago (1 children)

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.

[–] [email protected] 24 points 3 months ago (1 children)

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?

[–] [email protected] 2 points 2 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.