this post was submitted on 29 May 2026
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Yeah it’s all a scam. They need the money not just from pension plans but from all the people who are in 401Ks to make this work. Hence the rule changes allowing it to skip the standard wait times and profitability metrics to be listed as part of the be part of the top indexes so that most popular ETFs that make up most 401k funds will be required to carry them.
It’s all a fucking scam to get other little guys money.
Having retirements as hostage is one of the worst things in our society right now.
I agree this market seems over bought. We are already seeing lower breath in the market and all of these trillion dollar IPOs are going to suck the liquidity out of the market making it worse.
I’ve sold almost everything and I’m sitting in bonds at least until the EOY or if there is a major correction.