You’re right but this chain of reasoning is irrelevant/missing the important point.
You don’t need to track index X to be affected by changes in X. You only need to hold something related to X. Almost all pension funds, heck almost every investment account in the world holds something affected by some index.
If you think seasoning windows don’t matter and pre ipo price signal is already great, true and fair, explain Cerebras price after IPO in the midst of one of the biggest sectoral bull runs in history.
So what that it’s total market? We must be talking about different issues. The main issue for me is that the seasoning window was reduced. Of course eventually spcx should be included, I’m not arguing against that (and I haven’t heard anyone else argue that convincingly or at all either).
If everyone expected the price of the stock to remain the same or higher after the seasoning windows then why were those with the most to lose if it did not, lobby so hard to change the rules?
Also, what do you mean the 0.3% thing never happened? The ipo hasn’t happened yet, so obviously the index rebalance hasn’t happened.
It’s not just Nasdaq-100 it’s Russell indices too, which are way bigger by the way (not that it matters).
Regarding misplaced corruption allegations. Virtually everywhere it is illegal to both give a bribe as to receive a bribe. It’s not just Musk et al who should be called out.
As for the unnamed sources doing the scaremongering, it seems you should be calling those specific people out instead of downplaying this whole issue. You’re dismissing the argument not on its merits but because some people argue for it badly.
What was unlikely to happen? It already happened in Nasdaq. It’s nice that it didn’t for S&P but for most investors it already did happen, so I’m not sure the ‘whatever’ attitude is warranted.
Also, since when is it appropriate/intellectually OK to respond to allegations of corruption by saying ‘stop freaking out, it’s only a small amount of corruption PER PERSON’.
Good point. It would be sufficient for there simply to have been an increase in % of households where both parents work. That can lead to fewer hours worked per employee, low productivity growth, and increase in household income.
Hours worked for full time employees in EU apparently has been falling year over year since at least 2013. Maybe it has increased for part timers though?
Not sure how to square that with the fact that there’s been low productivity growth since 2008.
With so much of the UK with living with unspecified malaise, some significant part of which likely contributing to their low employment participation rate, I suspect giving everyone vitamin D would be very cost effective.
Europe does have Microsoft. Actually, it has Microsoft in almost every single respect except the primary beneficial ones: taxes, employment and oversight.
UK numbers yes, though maybe gloomy weather plays a role? Just kidding. That said, Brits are slightly more likely to move to Spain than US despite it being a tiny country in comparison and not necessarily easier to move to after Brexit.
Spain, not sure. It’s tricky to compare since non immigrant Spanish speaking population in US is probably significantly lower than Spaniards speaking English. But yeah, you probably have a point on that one.
Would it? People don’t exclusively learn English to migrate to the US.
What language do you think Germans and Spaniards use to do commerce with each other? There needs to be a common language, there’s no bandwidth to learn all languages, so due to historical and modern reasons, English prevailed.
Re Australia, Australians have highly preferential options to move to US which is not reciprocated.
High fractions of Europeans speak English, eg Poland has 50% of population speaking English (for those of working age it’s probably much higher) whereas the fractions of Americans speaking non-English European languages is much lower (0.25% for Americans speaking Polish).
If 50% of Americans spoke Polish by the shake of a wand, I bet there’d be more Americans in Poland than Poles in Poland.
You don’t need to track index X to be affected by changes in X. You only need to hold something related to X. Almost all pension funds, heck almost every investment account in the world holds something affected by some index.