Calling this “smart” is like calling the decision not to shoot yourself in the face at close range with a shotgun “smart.”
It’s incredibly dumb that it was ever even under consideration.
This is the US financial system.
"Smarts" has nothing to do with anything there and never has, so at least IMO, it's noteworthy that they didn't just sell out the index.
This is the US financial system.
"Smarts" has nothing to do with anything there and never has, so at least IMO, it's noteworthy that they didn't just sell out the index.