Frequently Asked Questions About the TSC New Tech 30

For more information about TheStreet.com's regular indices, please see Frequently Asked Questions About the TSC Internet Sector Index, Frequently Asked Questions About the TSC E-Finance Index and Frequently Asked Questions About the TSC E-Commerce Index.

What is TheStreet.com New Tech 30?

The TSC New Tech 30 index is intended to take the pulse of the so-called hot money in the tech sector. The index, first christened the Red Hot Index, tracks the performance of a group of stocks selected by TheStreet.com readers, staff and TSC columnist and co-founder James J. Cramer.

Cramer first unveiled the idea in a column in August 1999, and it garnered so much reader response that TSC decided to create an index using these particularly volatile stocks as a measure of the market's temperament. The Red Hot Index expanded to 30 stocks from 20 as of Dec. 31, 1999, and was renamed the TSC New Tech 30. ...