3 ms·

The Nasdaq is a shit index to begin with. There are so many other options.

by richwater 3mo ago

tyre 3mo ago
The NASDAQ is up 27% in the past 1 year. S&P 500 up 21%, DOW +20%. So, it's doing pretty well!
- mattkrause 3mo ago
  If the argument is that it's being manipulated, I'm not sure these stats help.
  - tyre 3mo ago
    That's fair! I didn't read the comment I was replying to as being about the manipulation but, if so, I agree with their opinion.
    - hn_go_brrrrr 3mo ago
      I didn't read it about the manipulation either, but neither did I read it as a criticism of the returns.
- wildzzz 3mo ago
  And a big chunk of that is the AI bubble. How are the rest of the non-AI industries doing? https://www.spglobal.com/spdji/en/indices/equity/sp-500-ex-information-technology/#overview https://www.spglobal.com/spdji/en/indices/equity/sp-500-ex-i...
- jrflo 3mo ago
  NASDAQ is famously overweighted in tech. It saw an 80% drop in the aftermath of the dotcom bubble, while the S&P500 only had a 40% drop. It's a double edged sword, with the AI boom it's benefiting, if that reverses it will fall proportionally to those gains.
  - groundzeros2015 3mo ago
    Yes. A strategy with tradeoffs does not make it a “shit index”.
- inigyou 3mo ago
  Interesting, so a shit index is whichever goes down and a good index is whichever goes up? Does the same rule work in crypto?
- staticman2 3mo ago
  I'm sure people planning to invest for only 1 year of their lifespan and began their investment journey exactly 1 year ago and who are in the process of selling everything they own today never to invest in stocks ever again will find that Nasdaq one year performance very useful information!
tclancy 3mo ago
Always a FTSE truther.
dehrmann 3mo ago
What you didn't elaborate on is that it's a poor investment thesis, so while the association is Nasdaq == tech, it's not entirely true, and it missing things if what you really want is tech. It also penalizes small floats less than S&P 500, enabling these shenanigans.

The Nasdaq is a shit index to begin with. There are so many other options.

tyre 3mo ago

The NASDAQ is up 27% in the past 1 year. S&P 500 up 21%, DOW +20%. So, it's doing pretty well!

mattkrause 3mo ago
If the argument is that it's being manipulated, I'm not sure these stats help.
- tyre 3mo ago
  That's fair! I didn't read the comment I was replying to as being about the manipulation but, if so, I agree with their opinion.
  - hn_go_brrrrr 3mo ago
    I didn't read it about the manipulation either, but neither did I read it as a criticism of the returns.
wildzzz 3mo ago
And a big chunk of that is the AI bubble. How are the rest of the non-AI industries doing? https://www.spglobal.com/spdji/en/indices/equity/sp-500-ex-information-technology/#overview https://www.spglobal.com/spdji/en/indices/equity/sp-500-ex-i...
jrflo 3mo ago
NASDAQ is famously overweighted in tech. It saw an 80% drop in the aftermath of the dotcom bubble, while the S&P500 only had a 40% drop. It's a double edged sword, with the AI boom it's benefiting, if that reverses it will fall proportionally to those gains.
- groundzeros2015 3mo ago
  Yes. A strategy with tradeoffs does not make it a “shit index”.
inigyou 3mo ago
Interesting, so a shit index is whichever goes down and a good index is whichever goes up? Does the same rule work in crypto?
staticman2 3mo ago
I'm sure people planning to invest for only 1 year of their lifespan and began their investment journey exactly 1 year ago and who are in the process of selling everything they own today never to invest in stocks ever again will find that Nasdaq one year performance very useful information!

tclancy 3mo ago

Always a FTSE truther.

dehrmann 3mo ago

What you didn't elaborate on is that it's a poor investment thesis, so while the association is Nasdaq == tech, it's not entirely true, and it missing things if what you really want is tech. It also penalizes small floats less than S&P 500, enabling these shenanigans.