Store This Nugget Somewhere {And A Posting Note.}

Apple ($AAPL) is now 13% of Nasdaq market capitalization, roughly the same as Microsoft’s ($MSFT) decade-ago-peak.  

Apple is also now about 20% of the NASDAQ 100 {QQQ} any significant negative price movement in AAPL is bound to affect both of these indices as well.  Something to tuck away and another reason to remember that while we invest in indices via ETFs, the underlying components of those ETFs are important as well.

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Chart courtesy of Paul Kedrosky via Abnormalreturns.com.

*Long ETFs related to the Nasdaq 100 and the Nasdaq in client and personal accounts.  Long shares of Apple computer for certain clients at their own discretion.  Apple is a key component of several ETFs that we own both personally and for clients.  

Posting Schedule.  I  noted last week that at some point I would need to be out to attend a memorial service.  I will not be posting until next Tuesday unless events warrant.