VTI arguably because they must play along, being a "total market fund". Nasdaq changed their rules and then force bought 3x more than usual.
These are NOT small funds. Rather significant parts of the US Economy (VTI, QQQ, among many other ETFs and derivatives) were force-bought in last week, and we are now all in for the ride to watch that portion of our money disappear.
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S&P500 is an important player who managed to avoid SPCX (1 year rule + requirements of profitability, of which SPCX isn't profitable yet so... lots of disqualifications here). So we have to give credit where credit is due.
VTI / Vanguard Total Market is a grey case. I once believed in it but now with SPCX and other abusers (Anthropic and OpenAI) clearly aiming to specifically screw VTI's strategy over, it might be finally time to call it quits and leave VTI behind. I don't know for what though.
Nasdaq doubling down and specifically changing their rules to help this whole crap is the ultimate level of disgusting. VTI is just being consistent with their strategy. Nasdaq is making special exceptions explicitly for these cases.
> ...that they are going to immediately devalue as soon as they can. It's a classic pump and dump con. And you're the mark.
He's actually doing the opposite, there's a long lock-in period.
Yeah no. Not really.
That is what was tried. The S&P 500 didn't play along.
A comparatively small number of index funds & retirement accounts that use them will get caught. The majority won't.
VTI and Nasdaq played along.
VTI arguably because they must play along, being a "total market fund". Nasdaq changed their rules and then force bought 3x more than usual.
These are NOT small funds. Rather significant parts of the US Economy (VTI, QQQ, among many other ETFs and derivatives) were force-bought in last week, and we are now all in for the ride to watch that portion of our money disappear.
--------
S&P500 is an important player who managed to avoid SPCX (1 year rule + requirements of profitability, of which SPCX isn't profitable yet so... lots of disqualifications here). So we have to give credit where credit is due.
VTI / Vanguard Total Market is a grey case. I once believed in it but now with SPCX and other abusers (Anthropic and OpenAI) clearly aiming to specifically screw VTI's strategy over, it might be finally time to call it quits and leave VTI behind. I don't know for what though.
Nasdaq doubling down and specifically changing their rules to help this whole crap is the ultimate level of disgusting. VTI is just being consistent with their strategy. Nasdaq is making special exceptions explicitly for these cases.
Right -- if you're invested in the NASDAQ 100 (most people aren't, directly or indirectly), get angry. Or get out, if you can and it's not too late.
Everyone else has dodged this bullet. I'm surprised, pleasantly, that S&P et al actually made the right choice here.
The Nasdaq is small?