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by loeg 2 hours ago
Nasdaq isn't super relevant.
2 comments

Sure but it’s not the only one. Add in SPY, QQQ, and IWM Force Index Funds and the percentage of Americans buying SpaceX early due to rule changes looks bad.

Edit: Ops SPY didn’t change their rules.

SPYis sp500 is it not? Why would they include it?

For others like qqq it has no bearing to be frank. It follows the nasdaq 100. Maybe an argument that the extra few months would have allowed more price discovery but I am not so sure.

Also CRSP, which is the index used by US Total Market funds and many Target Date funds.
CRSP is float-weighted!
float adjustment results in any CRSP tracking fund/etf having a $10,000 investment being approximately $17 worth of SpaceX. This isn't a real problem the media is trying to push it as.