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.
replyAs 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.
> It's quite clear
replyIn the same way 9/11 was quite clearly an inside job.
Alternatively, a crop of big companies with real, potentially world-changing technology are going public.
This isn’t exactly pets.com we’re talking about.
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replyAre you happy to be invested in Tesla? It is not profitable quarter to quarter and is included in your fund.
replyWhy do you tolerate that and not this?
I did, in fact, use words. Would you prefer heiroglyphics?
replyAll of those are real, natural, organic and, might I add, "actual" words.
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replyThe comment above is perfectly clear, and if you have been living under a rock since the Reagan years, that's on you.
replySee 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.