- Current Issue
SIGN IN to access Harper’s Magazine
1. Sign in to Customer Care using your account number or postal address.
2. Select Email/Password Information.
3. Enter your new information and click on Save My Changes.
Subscribers can find additional help here. Not a subscriber? Subscribe today!
James Glassman and Kevin Hassett published Dow 36,000: The New Strategy for Profiting from the Coming Rise in the Stock Market on September 20, 1999, an event which almost immediately triggered a drop in stock prices from which the market has never recovered. After today’s sharp drop to 11,349, the market stands 526 points above its close roughly nine years ago when the book came out.
That’s a gain of about 0.5 percent annually since Glassman and Hassett issued their bullish proclamation. Investors would have done better putting their money in a savings account (and almost as well leaving it under the mattress).
I checked out the Dow 36,000 Amazon web page today. Customers who had searched for the book were pointed to a couple of other classics: Dow, 30,000 by 2008: Why It’s Different This Time, by Robert Zuccaro (2001), and Why the Real Estate Boom Will Not Bust–And How You Can Profit from It, by David Lereah (2006).
Buy them together and save.
More from Ken Silverstein:
Perspective — October 23, 2013, 8:00 am
How pro-oil Louisiana politicians have shaped American environmental policy
Postcard — October 16, 2013, 8:00 am
A trip to one of the properties at issue in Louisiana’s oil-pollution lawsuits
Chances that a deep breath inhaled today will contain a molecule from Julius Caesar’s dying breath:
Innumeracy: Mathematical Illiteracy and Its Consequences, by John Allen Paulos, Hill and Wang (N.Y.C.)
The earth once had three moons; the two lost moons may have crashed into the surviving moon, or been sucked into the sun, or flung out of the solar system to drift through deep space.
In Florida, an 87-year-old World War II veteran flying touch-and-go drills in a Cessna collided with an airborne skydiver. “There was a ‘woof’ sound,” said a witness, “like falling on your face into your pillow.”
Subscribe to the Weekly Review newsletter. Don’t worry, we won’t sell your email address!
“American politics has often been an arena for angry minds.”