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S&P 500 rejects SpaceX, also blocking entry for OpenAI and Anthropic

arstechnica.com

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Re: S&P 500 rejects SpaceX, also blocking entry for OpenAI and Anthropic

#331

Post by gizajob »

khazhoux wrote: post #67
vasco wrote: post #52

Earlier quoted context omitted.

The market moved in reaction to the totality of events that happened in the world all averaged out through the actions of the participants, anyone who says "this" was what happened on any day is wrong. Some days have dominating factors but even if the event is the dominant one, the reason why it has the impact it does might be a 3rd or 4th level effect.

Thank you! So sick of people always ascribing the market's movement to whichever narrative headline they pick that day.

You’re prioritising one narrative headline over another though.

Re: S&P 500 rejects SpaceX, also blocking entry for OpenAI and Anthropic

#332

Post by thinkthatover »

carlosjobim wrote: post #311
jgalt212 wrote: post #275

Earlier quoted context omitted.

Same here. I was so upset about the prospect of my index funds / retirement savings being force fed 100X revenues investments in large size that I emailed my Representative and both Senators. And to add to the irony, I used ChatGPT to help me write these letters.

Then move your savings into some other vehicle instead.

If only! Many people have limited options for investing based on their employer's allowed plans that match 401k contributions

Re: S&P 500 rejects SpaceX, also blocking entry for OpenAI and Anthropic

#333

Post by marcosdumay »

anonu wrote: post #272
zhivota wrote: post #30

Big relief for me. As a passive investor, I want the indices to follow the same passive strategy they always have, and specifically not make exceptions for specific companies like SpaceX wanted. Plenty of ways to get exposure to that stock without it going into the indices it is not qualified for.

You'll eventually get exposure to it when it gets added in 12 months. Unless there are better profitability criteria. Ultimately it's all about market returns. If other indexes add it and outperform then eventually money will shift to those funds that do better.

I don't think they ever got profitable for 4 consecutive quarters, if you count xAi.

Anyway, if other indexes add it, and it fails spectacularly, money will shift to those funds that do better.

Re: S&P 500 rejects SpaceX, also blocking entry for OpenAI and Anthropic

#334

Post by bwfan123 »

tigerlily wrote: post #178

Meanwhile the NASDAQ fell 4.18% Friday just been. This seems more than just a coincidence, people have been talking about pulling investment ahead of the SpaceX IPO, and the latest market activity makes me think the discontent is tangible now.

What happens with IPOs is that wealth is converted to money by owners. When that happens the wealth bubble deflates because there are a lot of sellers and few buyers. After the IPOs (spacex,openai,anthropic) buckle up for turbulence.

Re: S&P 500 rejects SpaceX, also blocking entry for OpenAI and Anthropic

#335

Post by lokar »

carlosjobim wrote: post #311
jgalt212 wrote: post #275

Earlier quoted context omitted.

Same here. I was so upset about the prospect of my index funds / retirement savings being force fed 100X revenues investments in large size that I emailed my Representative and both Senators. And to add to the irony, I used ChatGPT to help me write these letters.

Then move your savings into some other vehicle instead.

If it's not in a tax sheltered account that can generate a large tax bill.

Re: S&P 500 rejects SpaceX, also blocking entry for OpenAI and Anthropic

#336

Post by fhe »

S&P 500 is already heavily skewed towards tech companies (Apple, Google, Meta, Amazon, Microsoft etc.). I think it's something like 40% of S&P500 is tech. If SpaceX/OpenAI/Anthropic are added, tech risks would be even more concentrated, which is bad for diversification.

Re: S&P 500 rejects SpaceX, also blocking entry for OpenAI and Anthropic

#337

Post by lokar »

zerobees wrote: post #222
zhivota wrote: post #30

Big relief for me. As a passive investor, I want the indices to follow the same passive strategy they always have, and specifically not make exceptions for specific companies like SpaceX wanted. Plenty of ways to get exposure to that stock without it going into the indices it is not qualified for.

I get what you're saying, but I think there's a contradiction between wanting to be a passive index-fund investor and having opinions like that. The core tenet of index investing is that the market knows better than you.

That's simply not true. The core tenet is to buy mechanically according to some rule. Many indexes are not "the whole market".

Re: S&P 500 rejects SpaceX, also blocking entry for OpenAI and Anthropic

#339

Post by frozenseven »

lelanthran wrote: post #149
frozenseven wrote: post #96

Earlier quoted context omitted.

[flagged]

> The greatest tech revolution by far and people on this site are trying to movie their money away from it. I hope y'all will do an honest retrospective in a year or so. I see this sentiment often, and think it is short-sighted: 1. The tech fails at the goal - profitability is what we see for any tech that augments humans, which isn't anywhere close to satisfying the trillions in debt, busting the market and bleeding…

My general prediction is that we'll see an immense amount of wealth creation and this will naturally trickle everywhere. This is both a continuation and speeding up of the trend we're seeing right now. I think the unusual outcome would be for us to stray from this path.

>you will have nothing of value to contribute too

So perhaps I can finally rest and solely focus on the stuff that I like. For this to be a problem, we need to imagine a dystopian scenario where our systems (and those who run 'em?) are effectively all-powerful and also cartoonishly selfish for no good reason at all.

Re: S&P 500 rejects SpaceX, also blocking entry for OpenAI and Anthropic

#340

Post by CuriouslyC »

groundzeros2015 wrote: post #290
CuriouslyC wrote: post #184

Earlier quoted context omitted.

I've been doing research on this subject for an article I'm writing, and the only way things end well if the government gets involved is if we pass legislation deprivatizing AI data centers. Like the dark fiber laid during the dotcom, the compute is the valuable thing here that will remain after the speculative bubble has burst. The deal isn't bad for the AI companies, they can depreciate on a short schedule while st…

Why is government seizing data centers a good thing?

If you work through the scenarios, we're going to end up enacting heavy protectionism and stimulus on US AI companies to keep the economy from imploding. We could do this with stock in AI companies (like Bernie is pushing), but if the government pays for that stock it becomes a dump target paying out to oligarchs and the AI companies become "too big to fail." If the government owns the data centers, the people profit even if AI underperforms.
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