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MarketWatch - Has Apple become the market?

01 May 2012

Today, Apple AAPL +1.73% represents about 17% of the Nasdaq 100, but its effect on the markets seems to have an even greater impact on the direction of the Nasdaq 100. Since major market indices correlate to a high degree, the "Apple effect," in turn, has a significant influence on the other major market indices and raises the question, "Has Apple become the market?"

Read the full article here.

(This article was also published in seekingalpha.com and townhall.com)

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