MissConstrue1d ago

Ok, y’all…some good news! The S&P index told #SpaceX Karen and the #AI bros to suck socks until they show a profit. There will be no rules relaxed, no guardrails bent. They can meet the standards of the rest of the index, or they can fuck off back to their lairs.

Why does this matter? Everybody’s #retirement plan is tied to the S&P. Swift entry into the #SP500 would have triggered $14 billion of passive fund buying for SpaceX. #OpenAI could have gained more than $8 billion, and #Anthropic could have netted $4.6 billion from similar passive buying sprees triggered by their S&P 500 entries.

This is because $7.5 trillion in passively managed funds follow the S&P 500 by purchasing shares of companies according to their proportional representation in the S&P 500 index.

This is under the radar, but very good news. Now if we can get the other indices to do the same…
https://arstechnica.com/tech-policy/2026/06/sp-500-blocks-fast-spacex-entry-wont-waive-rule-for-unprofitable-ai-firms/

#investment #money #stocks #indices #index

S&P 500 rejects SpaceX, also blocking entry for OpenAI and Anthropic

SpaceX won’t get easy access to billions of dollars from passive investors.

Ars Technica
Show threadPete's Mom 🍉 🇺🇦 ☮️1d ago
@MissConstrue
The NASDAQ is still a huge problem and if it impacts you - and it likely does if you have a 401k - contact your institution whether its personal savings or your employers retirement fund institution.
@ [email protected]
is also posting some excellent info on this. This is a HUGE scam/shakedown of USian retirement accounts on the level of the 2008-2012 "housing/mortgage" crisis. It is a shakedown to drain every last penny from not just USians but from the non-billlionaire class globally.
And I do not believe I am being hyperbolic about this.
Show threadMark Koek
@Petesmom @MissConstrue US pensions are tied to the stock market…? That’s… not a great system.
8:27amWeb
Show threadMissConstrue2h ago

@mkoek @Petesmom Up until about the 1980s, pensions were either provided by companies, unions, or self funded. Plus there was a government pension called social security, that started to pay out at around 60. At the time SS was enough to live on, frugally.

The GOP, the conservative party, via Reagan, created a program called 401k. Anyone can pay into their 401k, some jobs have employers that contribute, but here’s the important bit, the employer controls the fund. Pensions as Europeans understand it, do not really exist in the US anymore.

401ks are almost universally invested in the stock market, often in broad indices.

Show threadMark Koek43m ago
@MissConstrue @Petesmom Our system here in the Netherlands sort of looks like that in fact: there’s a very basic pension for everybody, plus the option to pay for an extra pension where the money you put in is tax free until it pays out. Important difference is that the fund is not controlled by your employer, you can decide for yourself how the money in your fund is invested. Tying it 100% to the stock market is possible I guess but nobody does that. Maybe 30% when you’re still young, decreasing to 5-10% when you’re over 55. The rest goes in much more secure investments.
Show threadMissConstrue35m ago

@mkoek @Petesmom Most Usians have never had any financial education at all. At. All. Zero. If you suggest "conservative investment" to most people, they will assume stocks which are considered "safe". Example; Dividend Aristocrats are considered a safe/conservative investment. And as stocks go, that's true. But it's still the stock market with all of the inherent instability built in by the last 50 years of rule changing.

And even things like bonds and tbills aren't a safe bet in this current political chaos. Which is why we see some countries starting to divest.

Frankly, the entire US economy is propped up on three wobbly sticks, and the billionaires are chopping away at the sticks, rather than reinforcing the base.

History suggests this will not end well.

Show threadRichard Penner5m ago

@MissConstrue @mkoek @Petesmom

History:These tulips are beautiful so the price of bulbs can only go up!