Dow Crosses 36000—Making a Book’s Prediction Just Two Decades Late

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This week, the book “Dow 36,000” by James Glassman and Kevin Hassett turned out to be prophetic.

The Dow Jones Industrial Average should hit that mark “very quickly,” “immediately,” even “today,” the book had proclaimed. “The rational time frame is this afternoon,” wrote Messrs. Glassman and Hassett, although they conceded it might take “three to five years.”