Joke's on them. My ex and this economy have decimated my retirement funds.
this post was submitted on 07 Jun 2026
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Breaking: Fox News now turning the geezers against AI companies. Who will be next?
S&P 500 just gave musk the middle finger though
But the other index's didn't, e.g. nas100 and russells2000. So, lots of bag holders if that goes through.
Luckily passive investment plans (especially retirement funds) overwhelmingly choose sp500 type plans over nasdaq ones.
To be honest I can imagine (and I hope this is the case), that the nasdaq decision to ignore their own rules and prop up the spacex clownshow comes back to bite them in the ass as companies do their fiduciary duty and move to more reliable indexes that aren’t complicit in this.
Luckily passive investment plans (especially retirement funds) overwhelmingly choose sp500 type plans over nasdaq ones.
Yeah, this is what I'm hoping for my imaginary numbers. But I don't have much hope overall for this doomsday "economy".
It's a short term gain for some individuals deciding on fast track entry into the Nasdaq-100 and a long term erosion of trust in the Nasdaq as a whole. This feels like the coin clipping that happened as the Roman Empire faded.
Great connection to history. They have been eating the seed corn for decades.
a long term erosion of ~~trust in the Nasdaq as a whole~~ a livable society.