Quote:
Originally Posted by BobbyStrawberry
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Thank you?
I was beginning to feel a bit nauseous after seeing a card index trying to mimic a stock market index. Card Ladder 50.
Pretty soon some knuckle head will try to sell shares of the CL50 like an ETF and pretty soon, some knucklehead will buy it. Holy crap, could you imagine the manipulation that could take place if someone tried to ETF the CL50?
This is a system that could be easily gamed. Just for poops and giggles, I wanted to see what the 1 year graph for the CL50 looked like and the link took me to a subscription page. All I could do was shake my head and laugh.
I guess my problem is that I look at this stuff like it's cardboard when I should be actually be judging it by the label in the plastic casing.
By the way, if someone sold shares of this index, do they also sell shares for shorting the index?