Since August of 2010, just after the Jackson Hole speech by Ben, and shortly before QE2 began, Nasdaq 100 stocks became the focus of an upside play where the index has gained over 34% as opposed to its neighbor the S&P500 gain of just over 20%. This of coarse on top of a massive rally in 2009. Odd price technicals, such as the QRiskValue chart shown to the left, continue to reveal unusual bloated positions where billions of dollars in share values sit on a thin perch fully expecting to be paid by the intervention strategies of the Fed and Treasury.
Given that the test of all governments these days is to placate Wall Street, all demands seem to be met. But even cash monster stocks such as AAPL are vulnerable to a large downside sell off if there is an event which triggers an unraveling by all the well laid demands of the markets
