Kudos to S&P 500. Vast majority of the world has no clue how trillions of $ from their pension funds is being funneled to the select few. Absolutely pathetic.
joxdosba•16m ago
> Vast majority of the world has no clue how trillions of $ from their pension funds is being funneled to the select few
Go on, use actual words to make a substantial allegation.
lumost•12m ago
It's quite clear that there is an effort to engineer mega financial vehicles that index tracking funds are forced to buy. The incentive to do so is massive, and there is nothing illegal about it.
As a holder of index funds such as the S&P, I'd much prefer that these vehicles are excluded for at least some period of time to ensure that the greater fool isn't simply my index portfolio.
propagandist•9m ago
The comment above is perfectly clear, and if you have been living under a rock since the Reagan years, that's on you.
See Elon talking about Tesla finally joining the S&P 500 so index funds would finally have to buy its shares. See a hundred examples where socialism is reserved for the few, the jungle and legal constraints for the rest of us.
zippyman55•31m ago
Yep!! Respect to them. I was planning to move to an equal weight index but this gives me a little more time to evaluate options.
muadddib•43m ago
joxdosba•16m ago
Go on, use actual words to make a substantial allegation.
lumost•12m ago
As a holder of index funds such as the S&P, I'd much prefer that these vehicles are excluded for at least some period of time to ensure that the greater fool isn't simply my index portfolio.
propagandist•9m ago
See Elon talking about Tesla finally joining the S&P 500 so index funds would finally have to buy its shares. See a hundred examples where socialism is reserved for the few, the jungle and legal constraints for the rest of us.