teddit

an observation (that may come off as insensitive):

some of the people with the strongest emotional reaction to the recent market downturn are those whose near-term lives won't materially change.

no immediate plans to buy a home, retire, pay for school, etc. no liquidity needs, no LPs to whom they need to deliver.

helping build farcaster | surfing @ venice, ca | eating @ gjusta / gjelina | “lucky me, lucky mud”

I'd estimate this is because these are the same people addicted to following the mainstream news that incentivizes fear.

People watch and "the news" can sell more advertising.