To the Moon

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

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. And judging by...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!