Great Rotation of Wealth : Democrats to Republicans

[Shermann]

I'm a news junkie and flip between the FXN, the MSM, and various political forums. One trend that I see is that the conservatives are trying to figure out how to invest in this climate with an inherent optimism around the American economy. Here in the DU on the other hand, we seem to be far more concerned with panic porn and making out wills and getting our final affairs in order.

Now I do not presently share their optimism in the short to medium term. I think there is a lot of hand-waving going on between Fauci, Birx, and Trump around how the reopening of the economy is going to work. I see countries like Spain taking baby steps and appearing to have the expected new outbreaks. I look at the social experiment in Sweden, and it doesn't look as rosy as a week or two ago. I've run SIR simulations myself and see little to be encouraged about.

All that said, the Republicans seem to be in a better position to benefit from any significant advances in the war against COVID-19. The market move on Friday due to the rumors around Remdesivir show a glimmer of what's possible. And one possibility is a huge transfer of wealth from liberals who sold off equities to conservatives who snapped them up at fire sale prices. Betting against that is to bet against American ingenuity, not to mention the brilliant minds working on the problem abroad. Money is power. Money wins elections.

Of course another significant market crash could flip the script the other way. So how do we choose the winning side of the coin?

[jmg257]

1. Why is it liberals selling off? You lost me there. Nt

[Shermann]

3. I Don't Know It For a Fact

...I Just Know It's true.

Bill Maher talked about panic porn last night. I think he has a point. I'm no fan of the conservative media, but they aren't proprietors of that particular smut in regards to CV-19.

On the conservative forums they are busy drawing up maps of how the After Time is going to be divvied up. We're obsessed with whatever naughty thing Trump said today. It's like they are...baiting us with him?

[jmg257]

4. Yes - he is using his typical "watch the balls in the air" distractions. But doesn't explain

liberals selling off equity.

Who is selling much of anything when markets are low? (I know I am not.)

Is it cause we are buying more food and essentials than usual?

[Shermann]

7. $6 trillion in 6 days

That doesn't come from holding positions.

https://www.cnbc.com/2020/02/28/global-stock-markets-have-lost-6-trillion-in-value-in-six-days.html

I'm sure many conservatives have sold off along with the liberals. But that's not to say there's an equivalence there.

Personally I've lightened up a bit to raise cash but have not completely sold off. I'm waiting for the dreams of a v-shaped recovery to be shattered. Ideally I'd like to "raise the room" on the dreamers before they wake up and then slowly build up positions again.

[yardwork]

6. What are you talking about? What is "panic porn?"

[Shermann]

8. Bill Maher last night

[yardwork]

9. Maher is an entertainer. I get my information from experts, thanks anyway.

I don't think that Dr. Fauci is trafficking in panic.

I'm reading daily updates from my Democratic governor, infectious disease experts and leaders of my state's health systems. None of them are panicking. Far from it. Their response is calm, measured, and organized.

I'm not panicked and I don't know anybody who is, actually.

If you are being exposed to "panic porn" maybe you should change the channel.

[Shermann]

10. So you are making measured decisions based solely on the facts

Perfect, that's exactly what we need. Help rally our troops instead of picking me apart and putting words in my mouth regarding Fauci.

[whathehell]

11. Thank you..

Not a big fan.of Mahr's.

[Blues Heron]

2. a lot of pukes sold shares too - some with advance insider knowledge

Burr, and all the others. There are some pukes who are looking to capitalize on the death and misery of this and pox upon their house. Money doesn't always buy elections.

[yardwork]

5. I don't think that anybody is selling their stocks now.

I'm not aware of any surge of liberals selling off their stocks. Where did you hear this?