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Earlier quoted context omitted.
we 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.
Who is we and them? 1 index chose to change the rules, Nasdaq 100, and it’s in less than 1% of retirement funds.
Earlier quoted context omitted.
Who is we and them? 1 index chose to change the rules, Nasdaq 100, and it’s in less than 1% of retirement funds.
them is nasdaq and we is us. you know this, i can tell because you said it right after you asked me.
So...nothing really happened.
oh those poor rich people that lost a bet, I feel so sad for them :(
From my very shallow understanding of the Korean market it's common to invest in high risk shares because a big win is the only way to afford a nice home. Financial nihilism, risk appetite etc. So it's far from only rich people.
Here I was thinking The Squid Game was a work of fiction.
> 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
Earlier quoted context omitted.
Well apparently they don't really have a choice and with this context it's less funny
> Well apparently they don't really have a choice The notion that poor circumstances somehow justify poor choices is extremely counterproductive, as the context of this thread should make abundantly clear.