Oddbean new post about login | logout ETFs will rebalance and might aggravate market swings. It will take them at least one cycle to learn to HODL if not more. Buckle up!
Also true. But I’d imagine the big players will harvest as they understand the scarcity. Unless of course they hedge on both sides and drive it down to harvest lower
The ETF buyers are just your average moron. Look at interviews with hedge fund managers and large investors on legacy media. They are idiots who went to the right schools and know the right people. They were assigned their station in life.
This is what I'm expecting. I think these ETFs guarantee the continuation of the cycles and big swings for a while longer, they're just a bigger version of retail.
Then cheap sats it is 🫡