So, we’re living in a time that might be remembered as one of the biggest bubbles in history. And that’s because in the next few weeks, your retirement account and your 401k is going to be buying shares in some of the biggest IPOs in human history, even though you might not want to. Okay, how’s that going to happen? It’s going to happen because the rules of the financial system were just rewritten to make sure that your money is going to be buying it automatically.
Joke’s on them. My ex and this economy have decimated my retirement funds.
Breaking: Fox News now turning the geezers against AI companies. Who will be next?
S&P 500 just gave musk the middle finger though
But the other index’s didn’t, e.g. nas100 and russells2000. So, lots of bag holders if that goes through.
Luckily passive investment plans (especially retirement funds) overwhelmingly choose sp500 type plans over nasdaq ones.
To be honest I can imagine (and I hope this is the case), that the nasdaq decision to ignore their own rules and prop up the spacex clownshow comes back to bite them in the ass as companies do their fiduciary duty and move to more reliable indexes that aren’t complicit in this.
Luckily passive investment plans (especially retirement funds) overwhelmingly choose sp500 type plans over nasdaq ones.
Yeah, this is what I’m hoping for my imaginary numbers. But I don’t have much hope overall for this doomsday “economy”.
It’s a short term gain for some individuals deciding on fast track entry into the Nasdaq-100 and a long term erosion of trust in the Nasdaq as a whole. This feels like the coin clipping that happened as the Roman Empire faded.
a long term erosion of
trust in the Nasdaq as a wholea livable society.The “AI” grift is not just a few companies but now the entire “tech” system.
Great connection to history. They have been eating the seed corn for decades.
