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If you're going short or long the entire index on non public information, is that really innocent?
by eloff 4y ago
If you're going short or long the entire index on non public information, is that really innocent?
- deleted 4y ago[deleted]
- xboxnolifes 4y agoShorting? Maybe not. But I would think we want congress to be long on the S&P, even if it also benefits them.
- jollyllama 4y agoBaked into this assumption is the assumption that the markets reflect the well being of the citizens, which is not the case, unfortunately.
- whimsicalism 4y ago> which is not the case, unfortunately. Generally when the markets are doing well are good times for more Americans. Obviously not a 1-to-1 and not necessarily a cause-effect.
- whimsicalism 4y agoEh, so they have a vested interest in the 500 biggest companies particularly?
- freeplay 4y agoIt's really more like 5 or 10 companies though. S&P is very top heavy these days.
- eloff 4y agoLong in the long term, yes. Entering and leaving positions for short periods of time based on insider information seems sketchy to me.