Dow 36,000: The New Strategy for Profiting From the Coming Rise in the Stock Market is a book published in September 1999 by conservative syndicated columnist James K. Glassman and conservative economist Kevin Hassett, in which they argued that stocks in 1999 were significantly undervalued and concluded that there would be a fourfold market increase with the Dow Jones Industrial Average (DJIA) to 36,000 by 2002 or 2004. The book was described as the "most spectacularly wrong investing book ever". In the book, the authors argued that stocks did not have significantly greater risk than bonds in the long run and as investors came to that realization, stock prices would rise dramatically. The authors expected the equity risk premium to dissipate, which never happened.
Dow Jones Industrial Average closes above 10,000 for the first time ever
Dow 36,000: The New Strategy for Profiting From the Coming Rise in the Stock Market is a book published in September 1999 by conservative syndicated columnist James K.
Historical Significance
Dow 36,000: The New Strategy for Profiting From the Coming Rise in the Stock Market is a book published in September 1999 by conservative syndicated columnist James K.
Events Before
Helen Wills Moody dies
Helen Wills Moody, American tennis player, known for american tennis player, died on 1998-01-01.
A paper published by Bryony Coles highlights the submerged land between Britain and Europe in the modern North Sea as a
A paper published by Bryony Coles highlights the submerged land between Britain and Europe in the modern North Sea as a once crucial inhabited landmass and names it Doggerland [1]
President Bill Clinton says "I want to say one thing to the American people; I did not have sexual relations with that w
President Bill Clinton says "I want to say one thing to the American people; I did not have sexual relations with that woman, Miss Lewinsky"
Osama bin Laden publishes a fatwa declaring jihad against all Jews and Crusaders
Osama bin Mohammed bin Awad bin Laden (10 March 1957 – 2 May 2011) was the founder and first general emir of the al-Qaeda militant organization.
"Baywatch" actress Pamela Anderson (31) divorces Motley Crue drummer Tommy Lee (35) after 3 years of marriage
Pamela Denise Anderson is a Canadian-American actress, model and media personality.
Events After
Gisborne, New Zealand, with a population of approximately 32,754, is the first city in the world to welcome the new Mill
Gisborne, New Zealand, with a population of approximately 32,754, is the first city in the world to welcome the new Millennium
Microsoft chairman Bill Gates steps aside as chief executive and appoints company president Steve Ballmer as his success
Microsoft chairman Bill Gates steps aside as chief executive and appoints company president Steve Ballmer as his successor
NASDAQ Composite stock market index peaks at 5132.52, signaling the beginning of the end of the dot-com boom
NASDAQ Composite stock market index peaks at 5132.52, signaling the beginning of the end of the dot-com boom
South African cricket captain Hansie Cronje is charged by Delhi police with fixing One Day International matches against
South African cricket captain Hansie Cronje is charged by Delhi police with fixing One Day International matches against India
Metallica files a lawsuit against the peer-to-peer sharing platform Napster, accelerating a movement against file-sharin
Metallica files a lawsuit against the peer-to-peer sharing platform Napster, accelerating a movement against file-sharing programs
More from the 1990s
Bryson Tiller is born
Bryson Tiller musician, known for american singer, was born on 1993-01-02. Bryson Djuan Tiller is an American R&B singer and rapper.
Alan Hale Jr. dies
Alan Hale Jr., American actor, known for american actor, died on 1990-01-02. Alan Hale Jr. was an American actor and restaurateur.
Poppy [Moriah Rose Pereira] is born
Poppy [Moriah Rose Pereira] is born
Peter Burling is born
Peter Burling, New Zealand athlete, known for new zealand sailor, was born on 1991-01-01. Peter Burling is a New Zealand sailor.
Frequently Asked Questions
- What happened on March 29, 1999?
- Dow 36,000: The New Strategy for Profiting From the Coming Rise in the Stock Market is a book published in September 1999 by conservative syndicated columnist James K. Glassman and conservative economist Kevin Hassett, in which they argued that stocks in 1999 were significantly undervalued and concluded that there would be a fourfold market increase with the Dow Jones Industrial Average (DJIA) to 36,000 by 2002 or 2004. The book was described as the "most spectacularly wrong investing book ever".
- Why is Dow Jones Industrial Average closes above 10,000 for the first time ever significant?
- Dow 36,000: The New Strategy for Profiting From the Coming Rise in the Stock Market is a book published in September 1999 by conservative syndicated columnist James K.