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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] 32 points 3 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.