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Technology Stocks : Applied Materials No-Politics Thread (AMAT)
AMAT 235.24+4.5%Nov 19 3:59 PM EST

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To: Math Junkie who started this subject8/18/2002 6:59:18 PM
From: Gottfried  Read Replies (1) of 25522
 
OT *** prediction for 2000

I rummaged through old TIME magazines and the Jan.1.2000 issue had an article by J.C. Strictly for your amusement. He was right.


January 01, 2000

To the Moon

Don't think NASDAQ stocks can repeat 1999's hot performance? You're right--they may be higher!
BY JAMES CRAMER

Can this NASDAQ lunacy continue into next year? That's the question everyone on Wall Street keeps asking. And I have an answer that seems as hyperbolic as the stocks have been parabolic: you bet it can. In fact, it could accelerate in January, dwarfing some of the gigantic moves we have already seen. Here's why:

First, mutual funds, including index funds, the most popular form of investment, own very few of these newly created billion-dollar stocks. The mutual funds, stung previously when they created single-focus Latin American funds and Asian funds, have been loath to initiate Internet-only mutuals....

The complete article is 546 words long.

If you would like to read the full article, you may:
Purchase this article
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