I know. I just like to point out when people say the price of an index like it means anything. Market cap is actually useful. It’s like saying “oil is $100” with no context as if every single person in the world is taught what the “barrel” unit is at birth.
$135 is meaningless
The main point is that there is no price discovery.
I know. I just like to point out when people say the price of an index like it means anything. Market cap is actually useful. It’s like saying “oil is $100” with no context as if every single person in the world is taught what the “barrel” unit is at birth.