UnderpantsWeevil comments on Stocks tumble after Trump vows to hit Iran 'extremely hard' in coming weeks

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[–] UnderpantsWeevil@lemmy.world 0 points 4 months ago (2 children)

Everyone in on it has sold

To whom? Who has the loose currency to absorb assets at these prices?

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[–] Rhaedas@fedia.io 4 points 4 months ago (1 child)

I don't know. I don't play this game. I just suffer like most of us at their whim.

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[–] UnderpantsWeevil@lemmy.world 0 points 4 months ago

I don’t know.

Seems like a vital part of the "All the savvy insiders have exited the market" theory of the economy.

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[–] monkeyslikebananas2@lemmy.world 4 points 4 months ago (1 child)

Your 401k

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[–] UnderpantsWeevil@lemmy.world 1 point 4 months ago

Oh? I could have sworn it was a touch shy of the $19T market cap for the MAG7.

Hell, it's shy of the $10T in market cap of all US 401ks combined.

So I gotta keep asking, who is actually holding these bags?

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