Nasdaq Hits 5,000, But There's Still More Room For Growth in Stocks

The Nasdaq hit 5,000 for the first time in 15 years.
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The Nasdaq hit 5,000 for the first time in 15 years. The rally back in 2000 culminated with a major market crash, leaving investors wondering if Nasdaq 5,000 could spark an ugly repeat of history. TheStreet's Scott Gamm speaks with Randy Frederick, Managing Director of Trading and Derivatives at the Schwab Center for Financial Research, who says we're not in the same environment as the year 2000 and there is still room for growth left in stocks. He also shares insight on which sectors to watch and comments on Monday morning's report on personal income and spending.