Quote:
Originally Posted by Rain Man
I keep pondering the S&P thing relative to the runup we've had this year. You've got to think that a lot of insiders knew it was going to get added at some point, and a lot of index fund managers would have known as well.
I have no idea of legalities and stuff, but if I was an index fund manager I would've found a way to buy the stock early even if I can't yet do it in the index fund. But it seems like they could buy it into some other fund that they manage to hedge, right? I just keep wondering if the S&P runup is what happened over the past year.
But then again, I know nothing about how those funds operate.
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Could be but I think private sectors bought in once the addition to S&P was announced.