>>[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."
>>
>>But picking target prices was not what our book was about -- nor is
>>it what investing is about. The book had three themes -- and they
>>apply even more forcefully today than they did three years ago.
>
>I'm sick to my stomach. They don't even *dare* reprint the subtitle
>of their book, do they?
Which, by the way, is "The New Strategy for Profiting from the Coming Rise in the Stock Market."
Doug