Geoffrey Gold
10.6K posts
@DrGeoffreyGold
Media, markets, diplomacy, sports and musings.
Something deeply uncomfortable is happening to the Nasdaq-100. SpaceX is targeting a $1.75 trillion IPO. Nasdaq wants the listing over NYSE. So Nasdaq is rewriting its own rulebook. Here's what they are proposing: 1️⃣ "Fast Entry" rule: any mega-cap IPO gets added to the index after just 15 trading days — bypassing all standard seasoning and liquidity requirements. 2️⃣ A 5x multiplier for low-float stocks: if SpaceX floats just 5% of shares, passive funds are forced to buy as if it were weighted at 25% of total market cap — $438 billion of phantom weighting. The result? Tens of billions of price-insensitive passive dollars — your pension, your ETF, your QQQ — are legally mandated to buy SpaceX at whatever price it trades to on Day 15. Hedge funds will front-run this guaranteed bid aggressively. Then when the lock-up expires, insiders flood the market with shares — at the exact moment passive funds are again forced to buy more. "If you're playing a poker game and you look around the table and can't tell who the sucker is, it's you." The sucker is every passive investor in a Nasdaq ETF.
アルテミス2のオリオン宇宙船が日本時間の明日朝、大気圏に再突入して帰還します。 動画はアルテミス1での無人のオリオン宇宙船の大気圏再突入から着水までを、宇宙船からから撮影したものです。 アルテミス1ではスキップエントリーという方法で帰還しました。大気圏に再突入した後でいったん宇宙空間へ戻り、その後また再突入するという方法です。水面に石を投げた時のいわゆる「水切り」に似ています。 アルテミス2では、大気圏に一度突入した後の「スキップ」を抑えて地上へと降りてきます。 詳しくは記事をご覧ください： astropics.bookbright.co.jp/artemis-2-re-e… Credit: NASA
