@sundogplanets
Truly awful. And also on track to pull off a nice heist of everyone's retirement savings. Accelerated entry into the indexes, weighted at 5x actual float. Which means every passive index fund that doesn't exclude mega-caps will be forced to buy a ton of that garbage...
Michael Burry Flags 'Structural Manipulation' Risk In Nasdaq Rules Ahead Of Potential SpaceX Listing
Michael Burry slams Nasdaq's proposed rule changes that could fast-track SpaceX into the Nasdaq-100 just 15 days after its IPO, warning of forced passive buying and insider wealth transfer at the expense of retail investors.
Sahm (www.sahmcapital.com)
apologies for the YouTube link... https://www.youtube.com/watch?v=8rS3fTbC7TE