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The only decision they are making is to maintain their existing rules. Which is what a slow-moving, conservative financial instrument should do. S&P may very w
by 3eb7988a1663 4mo ago
The only decision they are making is to maintain their existing rules. Which is what a slow-moving, conservative financial instrument should do.
S&P may very well end up buying SpaceX, but it will be through the standard mechanism they have been using for decades. Not in a last second bum-rush deal that NASDAQ made to grant special favors.
One year from IPO, the insider lock-up periods will have expired, so insiders who want to get out will have had an opportunity to dump their shares in a risk-based approach without a guaranteed payout from index funds.
- dash2 4mo agoUnfortunately, repeating the word “conservative” does not stop you from becoming the last buyer of overpriced stock, which others are buying exactly so they can unload onto you.
- 3eb7988a1663 4mo agoThe non-conservative approach would be to quickly change the rules to avoid missing the latest opportunity?
- dash2 4mo agoAs I said, the indexes are stuck in a race to the bottom! I don’t like it either.