Economics

It's a Bull Market. Get Intelligent About Stock Market Investing

Take a look at the real Nasdaq 100

An index that is Apple to the core.

Photographer: Simon Dawson/Bloomberg
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To go to cash is easy. Far harder is to buy equities. And ever harder is to stay in equities.

By now it is wildly understood that if you "time" the market, you will fall behind by missing just once, or at the most twice, a major up move. The Nasdaq 100 Index is moving out to new highs. The NDX 100 exceeds March 2000 levels, or does it? (The NDX 100 is not the Dow Jones Industrial Average. Goldman Sachs Group Inc. is 7.8 percent of the Dow; Apple Inc. is a massive 13.8 percent of the NDX 100. Apple is in the DJIA with a lesser weighting of 4.8 percent. In the past decade, the DJIA is up 8 percent per year, with dividends reinvested. The 500 of the Standard & Poor's 500 Index are up 7.6 percent per year. The NDX 100 is up 11.9 percent per year. Apple has a lot to do with this. Apple distorts.)