I generally hate rhetorical questions but seriously? Is this for real? Yup and it's quoted right here."This Index allows taxpayers and other investors to measure the performance of U.S. companies that are participating in the government's financial relief plan," said NASDAQ OMX Executive Vice President John Jacobs. "We believe the NASDAQ OMX Government Relief Index will be useful in helping investors evaluate the government's investments and the impact of the relief plan on the economy during this period of historical significance."
The NASDAQ OMX Government Relief Index consists of companies across multiple industry groups that have received a direct investment from the U.S. Government greater than $1 billion. The Index is the first of the Government Relief Index Series that NASDAQ OMX will be launching in the coming weeks.
I'm grateful and perturbed at the same time. I mean, could there be an easier way to short the government's screw ups right before they kill all the equity? However, I feel obligated to be perturbed by its mere existence.
Once again, props to Greenewable for bringing this to my attention.
1 comment:
So I suppose the trade would be to short the QGRI and go long companies in the same sectors that have not taken bailout money...I guess that would mean you'd be light on financials...seems like a good strategy.
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