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> Part of the problem was regulators’ decision in late May to approve 16 single-stock leveraged ETFs tracking Samsung and SK Hynix, which have been blamed for a
by louiereederson 2mo ago
> Part of the problem was regulators’ decision in late May to approve 16 single-stock leveraged ETFs tracking Samsung and SK Hynix, which have been blamed for amplifying moves in indices and individual stocks.
Baffling that this was approved, though less so if you don't assume the regulator has the general market participant's interests in mind
- theyliesoeasily 2mo agoAlmost everything about society gets less baffling when you drop the assumption that power has any interest in wellbeing.
- ratelimitsteve 2mo agowe watched them change the rules in the US to force indexers to provide exit liquidity for the spacex IPO blunder via your dad's 401k. capturing the regulators is just part of what finance does.
- lotsofpulp 2mo agoWho is we and them? 1 index chose to change the rules, Nasdaq 100, and it’s in less than 1% of retirement funds.
- ratelimitsteve 2mo agothem is nasdaq and we is us. you know this, i can tell because you said it right after you asked me.
- lotsofpulp 2mo agoThe point is "them" was just 1 entity, and the affected "we" is a very small portion of the population who knowingly gambled on a risky index. So...nothing really happened.
- cyanydeez 2mo agoyes, baffling regulators would regulate the things that are irregular.