--- Doug Henwood <dhenwood at panix.com> wrote:
> [Evidently these guys have found a new career in
> comedy writing.]
>
> Wall Street Journal - August 1, 2002
>
>
> In Today's Paper
> COMMENTARY
> Dow 36000 Revisited
>
> By JAMES K. GLASSMAN and KEVIN A. HASSETT
>
> When our book, "Dow 36,000," was published in
> September 1999, the Dow
> Jones Industrial Average stood at 10318. The Dow
> closed yesterday at
> 8736. What went wrong? Actually, nothing. Despite
> its flamboyant
> title, "Dow 36,000" was a book of sober explanation,
> not of wild
> prognostication. We calculated that 36000 was the
> point at which the
> 30 stocks that comprise the Dow Industrials would be
> fully valued,
> and we warned that "it is impossible to predict how
> long it will
> take."
"For you yourselves know full well that the day of the Lord will come just like a thief in the night."
===== Kevin Dean Buffalo, NY ICQ: 8616001 AIM: KDean75206 Buffalo Activist Network http://www.buffaloactivist.net http://www.yaysoft.com
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