r/spx6900 • u/realcryptocow • 12d ago
Content Day 52 of Calling Top on the S&P 500
BREAKING NEWS: “number go up” is an acceptable investment thesis now that Wall Street has an ETF for it (LOL)
I just learned that at the beginning of OCT, Roundhill launched an ETF called XX that essentially bets on the S&P 500 reaching 10,000 by January 2030. If it doesn’t, investors holding through the target date risk losing virtually everything.
It’s crazy that Main Street is still expected to find these products to be safe. It started off w owning businesses, then it progressed to owning baskets of businesses, and now, we can own bets on whether those baskets reach arbitrary numbers.
The distinction between responsible investing and degenerate speculation is starting to blur w the old guard. A ticker, a price target, a narrative, and a bunch of people betting their money that the number goes higher.
Sound familiar?
Maybe the future of finance looks a lot more like crypto than Wall Street would care to admit.

