Trump Tweet Sparks Best Day In Three Years For Popular China ETFs
I don't know, you guys.
Sometimes I wonder whether it's safe to let retail investors or really, any investors who aren't macro hedge fund managers, trade macro themes intraday.
And see, that strikes at the heart of my real criticism of ETFs.
I, like a lot of ETF "critics", like to sound smart. So I'll deliver long-winded missives about liquidity mismatches in high yield and emerging market debt ETFs and I'll point to the morning of August 24, 2015, when ETFs actually "snapped" (as it were), a
What should we expect from millions of people that base their political ideas, views,”Weltanschaung” on what some unknown people who befriended you on Facebook write. It’s like anchoring, say whatever, even a lie, and people will believe that. If later someone tries to explain that it was a lie people are already anchored to the first experience, the Trump tweet, the silly answer of Salvini, the idiotic promise of Berlusconi. And the guy who tries to explain how things really are is labelled as intello, egghead, an “expert” that doesn’t know s…. and causes more troubles than solving. When Trump does that he shows that he’s smarter than we think: he knows how stupid people are in general.
H reading your running sarcastic incredulous perfectly articulated commentary is as entertaining as it is informative.