Michael O'Rourke from institutional brokerage firm BTIG compiles statistics for Dow Jones publications such as Barrons. He posted this note about this year's gains in the NASDAQ.
Although the NASDAQ has gained 400 points year to date, half of those gains is because of three stocks: AAPL, GOOG, and RIMM. (And this excludes today's gain on all three stocks).
This is no different than when MSFT, INTC, and CSCO made up the bulk of gains in the 1990's. We have a narrow leadership in specific areas and its all about stockpicking.
As SPWR continues to climb, should the stock finish in the green, we're adding our 3rd purchase of SPWR for 100 shares at the close.
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