Shiller Is Wrong

My latest post for Alpha Baskets is published and includes the following;

According to ETF.com there are 58 ETFs focused on technology totaling about $70 billion. They all appear to be index funds or smart beta funds, but any use of these funds would clearly be part of an active strategy. Ditto any other sector funds or funds that are narrower than sectors. While someone might pushback on me that there is no passive strategy that uses tech sectors funds, what would be the passive use of a Chinese internet stock ETF be?

Please click through to read the entire post.

The Baja 1000 just ran and while I didn’t go, here are some the trucks that participated (my pictures are from the Mint 400 in March).

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