0.2% Of Nasdaq Companies Accounted For 45% Of Its Recent Gains

Tyler Durden's picture

Just five of the more than 2,500 companies in the Nasdaq Composite Index are largely responsible for Tuesday’s first-ever close above 6,000.

The big five are Apple Inc., Amazon.com Inc., Facebook Inc., Microsoft Corp. and Alphabet Inc., Google’s owner.

Together they accounted for about 45 percent of the Nasdaq’s rise from 5,500, reached on Jan. 6, according to data compiled by Bloomberg.

As a reminder, the Big 5 account for over 10% of total US stock market capitalization now... a record high...

The question is, of course, what happens next?

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SoilMyselfRotten's picture

Just wait til .2% of the companies are responsible for 50% of the drop

2_legs_bahhhhhd's picture

"0.2% Of Nasdaq Companies Accounted For 45% Of Its Recent Gains"

A close representation of the whole global economy... .02% Of the population Accounted For 45% Of net worth.

2_legs_bahhhhhd's picture

Oops...my first double accounting

kliguy38's picture

Of course......its the illusion...it makes the 2000 naz pump and dump look like a piker

NoDebt's picture

Remember when I said I was hiding out in my "safe haven" assets of Google, Amazon, Facebook and NetFlix?

Did you think I was kidding?  Be honest now.


Bill of Rights's picture

Nothing says " Economy is strong " like a PE of 1000%

bobert727's picture

Oh.,..so the chart above implies NASDAQ 11,000?

Bill of Rights's picture

At leaast 10,000 for a nice blow off....

Hal n back's picture

Forget the concept of PEG ratios.

Find a next sucker to buy your stock is the phrase of the day.

Entourage's picture

Bernie Sanders just rolled in his grave.

Rainman's picture

they makin amurika great again

Consuelo's picture



How much does one need the first (3) in order to survive - individually, or in business both...?

NeedleDickTheBugFucker's picture

I'm going to roll out my own proprietary Big-5 Nasdaq ETF and make a fortune!

Consuelo's picture



#1 = Toy candy

#2 = Frivolous 'social' distractions

#3 = Buying shit you don't need anyway

#4 = Search tool with the added benefit of being spied on

#5 = Solid tools & OS, with their own brand of Fuckery, but can live with it

Kefeer's picture

Those 5 companies have 80% of the market cap; click bait!

RougeUnderwriter's picture

So what - Those 5 companies used globally by most of the civilized world