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These 10 Stocks Account For Over 20% Of The S&P 500's Market Cap

Tyler Durden's picture




 

The S&P 500 represents the broad US equity market. It is the bogey for countless herding asset managers and is seen as the professional's index as opposed to retail's Dow. But, a scratch under the surface of the magnificent 500 company index shows it to be extremely top-heavy. From Intel to Apple, the following 10 companies represent over 20% of the 500 name index - and these 20 stocks account for 42% of all S&P 500 margin.

 

 

Source: Goldman Sachs

 

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Mon, 02/18/2013 - 17:33 | 3254109 Cursive
Cursive's picture

How the hell has the "market" weathered the AAPL crush?

Mon, 02/18/2013 - 17:37 | 3254121 Meat Hammer
Meat Hammer's picture

Market? LOL!

Mon, 02/18/2013 - 18:17 | 3254220 Ahmeexnal
Ahmeexnal's picture

German top billionarie commits sucide:

http://www.marketwatch.com/story/metros-billionaire-co-founder-dead-at-8...

Even the german elite are starting to realize that death is a better option than what is about to develop in the EU.

Mon, 02/18/2013 - 18:43 | 3254230 falak pema
falak pema's picture

a billionaire? who cares about the coming mayhem? at 89?

do you speak sincerely or r u trolling?

He must have been thinking its time I left the playing field with elegance! 

And let my 60 year old children enjoy the fun! 

lol, oligarchs only think about their own microcosme and their own gout/heart problems! 

Mon, 02/18/2013 - 22:28 | 3254703 Half_A_Billion_...
Half_A_Billion_Hollow_Points's picture

1929 SHOESHINE BOY MOMENT:   "Kennedy later claimed he knew the rampant stock speculation of the late 1920s would lead to a crash. It is said that he knew it was time to get out of the market when he received stock tips from a shoe-shine boy."  http://en.wikipedia.org/wiki/Joseph_P._Kennedy,_Sr.#The_Crash

 

2013 SHOESHINE BOY MOMENT:  http://www.zerohedge.com/news/2013-02-08/friday-farce-16-year-old-outper...

 

 

1929 "Stock prices have reached what looks like a permanently high plateau." MOMENT:http://en.wikipedia.org/wiki/Irving_Fisher#Stock_market_crash_of_1929

 

2013 "Stock prices have reached what looks like a permanently high plateau." MOMENT: http://www.zerohedge.com/news/2013-02-15/greenspan-ignore-economy-only-s...

 

THESE ARE CLEAR SELL SIGNALS

Tue, 02/19/2013 - 08:17 | 3255574 LMLP
LMLP's picture

Well done Otto, RIP!........ on your own terms.... respect

Mon, 02/18/2013 - 18:00 | 3254175 spastic_colon
spastic_colon's picture

ironically the other 19 had "better than expected" performance hmmmmmm

Mon, 02/18/2013 - 18:12 | 3254205 ATM
ATM's picture

The Apple money than Ben Bernenk printed simply went to the other 9 stocks on the list. 

Mon, 02/18/2013 - 18:37 | 3254264 devo
devo's picture

Sovereign wealth funds + "painting the tape".

Mon, 02/18/2013 - 17:36 | 3254118 rqb1
rqb1's picture

There is no market

Mon, 02/18/2013 - 17:36 | 3254119 Gold Dog
Gold Dog's picture

No McRonald? WTF, I thought colon cancer would be right up there!

Mon, 02/18/2013 - 17:37 | 3254124 wfudd
wfudd's picture

good question

Mon, 02/18/2013 - 17:39 | 3254130 davinci7_gis
davinci7_gis's picture

Is there an ETF with just these stocks in it?

Mon, 02/18/2013 - 17:41 | 3254136 ebworthen
ebworthen's picture

Very high center of gravity there.

Mon, 02/18/2013 - 17:51 | 3254160 earleflorida
earleflorida's picture

yeah, and high centers-of-gravity tend to roller-over quickly when a certain degreeo of delta occurs?

Mon, 02/18/2013 - 19:04 | 3254338 ebworthen
ebworthen's picture

Bingo.

Mon, 02/18/2013 - 17:45 | 3254147 Rathmullan
Rathmullan's picture

That's a big bet on clonable cell phones, oil and ineffective anti-depressants.

Mon, 02/18/2013 - 18:05 | 3254186 ekm
ekm's picture

What have I been telling, it's been months?

Same batch of stocks are getting bounced between primary dealers.

 

Any point above SP 1000, retail is simply priced out. Primary Dealers have pushed up the price of S&P from 1000 to 1500 by simply rotating the same batch of stocks in the eternal hope of luring suckers.

Again, suckers are priced out at 1000, unless, unless.........they can manage to plunder the pension plans (fonzanoon's idea).

However, I do not think, there's enough saved money to be suckered into. That would require the implicit cooperation of pension fund managers and I don't think anybody would be so stupid as to fall for that.

Mon, 02/18/2013 - 18:06 | 3254187 jlhedge
jlhedge's picture

The wide margin is probably related to these companies implementing off-shore vehicle and pay little in taxes. Would be interesting to find out.

Mon, 02/18/2013 - 18:19 | 3254224 GFORCE
GFORCE's picture

Yes there's an ETF with this exposure... it's called Long SPY... Balls to the wall!!

Mon, 02/18/2013 - 18:27 | 3254233 El Hosel
El Hosel's picture

The Federallies and their Quant Programmers have it all figured out..... This time really is different, they are rigging the markets in broad daylight and nobody gives a shit. There was a day when rigging a market ( let alone ALL the Markets ) would have been frowned upon, no frowns in the new normal Bitchez... its all good.

Mon, 02/18/2013 - 19:26 | 3254390 LooseLee
LooseLee's picture

Fortunately, the Law of Truth & Justice (which assumes MANY forms) will one day bring these criminals (or their families) to their knees before they are beheaded in public outcry...

Mon, 02/18/2013 - 18:33 | 3254261 orangegeek
orangegeek's picture

SP500 weekly up seven weeks in a rows - MSM pumping the "time to get in story" to help things along.

 

http://bullandbearmash.com/chart/sp500-weekly-closes-seventh-week-row/

 

It's going to get beyond ugly.

Mon, 02/18/2013 - 18:41 | 3254283 El Hosel
El Hosel's picture

.... When? I am not getting any younger Ogeek.

Mon, 02/18/2013 - 18:55 | 3254312 Yen Cross
Yen Cross's picture

    I can't wait to see the next DOW rebalance.  Fucking {Garden Knomes & Gargoyles} will be on sale at "Home Desperate®".

 Bend me over before you insert the rod!

 

Mon, 02/18/2013 - 19:12 | 3254361 Yen Cross
Yen Cross's picture

 Alpha ,Beta, Gamma, Delta,    "How do these terms apply to trading Bitchez?"

Tue, 02/19/2013 - 00:50 | 3255147 Tijuana Donkey Show
Tijuana Donkey Show's picture

Sorority girls I fucked in college my man. Alpha ,Beta, Gamma, Delta, Clappa Burnsa

Mon, 02/18/2013 - 19:13 | 3254363 Colonel Klink
Colonel Klink's picture

It'll never happen but people should boycotte these companies.  I'll never buy another GE appliance and I avoid any product that has the symbol.

Mon, 02/18/2013 - 19:32 | 3254403 LooseLee
LooseLee's picture

This is the passive resistance that only the Intelligent choose to act upon. Most 'people' are half awake, at best, and in deep sleep at worst.....

Mon, 02/18/2013 - 19:40 | 3254422 Colonel Klink
Colonel Klink's picture

I refuse to buy many products and go with alternative.  I'll no longer buy Heinz products either.

Mon, 02/18/2013 - 19:50 | 3254443 jtz5
jtz5's picture

Trader Joe's ketchup tastes better than Heinz and it doesn't have all that crap in it.

Mon, 02/18/2013 - 21:49 | 3254634 Colonel Klink
Colonel Klink's picture

Wished we had one down here in the south.

Mon, 02/18/2013 - 22:00 | 3254650 Marge N Call
Marge N Call's picture

Internet?

Mon, 02/18/2013 - 22:49 | 3254753 Colonel Klink
Colonel Klink's picture

Too costly.  I'll go Hunts or off name brand.  At least they'll take a lower margin one way or another.

Only way to fight this now is with your wallet.

Tue, 02/19/2013 - 06:34 | 3255527 Doña K
Doña K's picture

Since you can read and write you can definitely handle making your own:

http://www.foodnetwork.com/recipes/jamie-oliver/homemade-tomato-ketchup-recipe/index.html

Tue, 02/19/2013 - 12:22 | 3256295 Colonel Klink
Colonel Klink's picture

Appreciate the recipe but by the time I was done ketchup would cost $10 a bottle and take nearly 2 hours of my time.  And that's before I have to buy all the canning stuff.  By that standard, I'll just give up ketchup.

This comes from a guy who loves to cook!

After brief research I'd go this route:  http://www.topsecretrecipes.com/Heinz-Ketchup-Recipe.html

Mon, 02/18/2013 - 22:21 | 3254686 Katrillion
Katrillion's picture

Red Gold!

Mon, 02/18/2013 - 19:20 | 3254378 machineh
machineh's picture

Zipf's Law, bItCHeZ!

Mon, 02/18/2013 - 21:51 | 3254637 thismarketisrigged
thismarketisrigged's picture

bernanke has been buying a ton of google lately. 

Mon, 02/18/2013 - 22:43 | 3254739 slightlyskeptical
slightlyskeptical's picture

Why not just buy the equal weight ETF?

http://finance.yahoo.com/echarts?s=RSP+Interactive#symbol=rsp;range=my;c...^gspc;

 

Mon, 02/18/2013 - 23:43 | 3254922 Hongcha
Hongcha's picture

I think it was Bernard Baruch who had the shoeshine experience.

What Joseph Kennedy is known for in this context, is having been positioned correctly for the crash.  He is said to have said, "Only a sucker sticks around for the last dime" and to have been in cash.

Jesse Livermore was all-in short and made tens of millions; which he proceeded to give back in the next decade, going backrupt by 1933 and shooting himself in the head in 1940. Baruch and Kennedy were at least in cash, if not short.

Hemingway was out and in gold (see By-Line).  Somerset Maugham, via one of his characters, may indicate he was out and in gold (The Razor's Edge).

Winston Churchill and John Rockefeller Jr. are among those known to have "lost their ass".

Tue, 02/19/2013 - 03:44 | 3255407 Tom Green Swedish
Tom Green Swedish's picture

Techinically speaking 20 percent of S&P market cap of any industry constitutes a bubble (Ie IT?) 50 percent of the market cap is banks, information technology and energy I believe, as for 20 different companies with 20 percent of the market cap of the S&P means i would say it is either an opportunity or the cause of a crash.  I will be following these companies closely.

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