That is not why the markets are down. Japan is why the markets are down
this post was submitted on 07 Aug 2024
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I guess a weak jobs report here is also part of it?
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.
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?
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.
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?
Weird
TruthSocial?
Trump Media or something.
Unfortunately, that one didn't tank (AFAIK).
From about $80/share to $20/share... It kinda did, yeah.
It dropped a lot, to the extent that an amateur investor lost their retirement.
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.
Some MAGA people probably listened to Trump shrieking about the stock market on Monday and caused them to panic-sell.
Paperhanded bitches
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.
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?
My biggest concern about a US recession is that it might make it easier for Trump to win.
They're not going back
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.
Go on then...
If it is happening they must be pretty poor given how little effect its having on the market
Just be sure to buy a few stocks at a discount if you can.
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.
No
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?
You couldnt be bothered to read the rest of the post eh?