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Hosted by Michael Bannick and Ben Carlson, two guys who study the markets as a passion and invest for all the right reasons.

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So Tom Serra Vegas alerted me to this. This tweet is from January 24th and he showed a really great

chart of SPY's market share of the S&P 500, which has gone from almost as much as 80% back in the fall of

2010, and it looks like today it's below 50%, which is pretty wild.

So obviously there's been a lot of diversifying amongst funds and part of it probably has to do the fact that a lot of the bigger players have decided it makes sense to get into this space.

I think it's I mean I think it's just an expensive ratio story.

So at 945 basis points, I guess,

I think that's what it is.

SPY is no longer, it still is their cheap, but let's not be ridiculous,

but it's not as cheap as it could possibly get.

So the other more interesting line on this chart

shows that even though the percentage of total assets in the S&P 500 is down to about 50%,

it's still nearly like, looks like around 95% of turnover.

So it is definitely the vehicle of choice for traders and not just not

just a pajama traders but like big money traders. Right because the average holding

...