An passive investors are going to get hosed by this thanks to NASDAQ cooking the rules to favor Elon and his band of misfits.

No longer will there be a year of price discovery for index funds, 15 days. Meaning index funds have to buy it at the peak of the hype cycle. Will be a huge wealth transfer from mom and pop retirement accounts to the ultra wealthy.

When index funds became such a default I knew they’d change the rules.

They’re taking everything thats not nailed down. A wealth tax is the only way, it cannot continue like this.