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Shorting? Maybe not. But I would think we want congress to be long on the S&P, even if it also benefits them.
by xboxnolifes 4y ago
Shorting? 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.