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Author of 'Dow 36,000' Book on Lessons Learned Since the 1999 Prediction

  • ‘The title was easy to caricature,’ says ‘Dow 36,000’ coauthor
  • ‘Never associate a date with a number,’ Glassman has learned
Dow reaches 36,000 more than 22 years after "Dow 36,000"

It’s probably been dunked on more than your average Nerf basketball hoop. And yet the prediction in the book “Dow 36,000” now has been fulfilled, with the 30-stock Dow Jones Industrial Average touching the level promised in the title by authors James Glassman and Kevin Hassett. 

The only problem? The book was published in September 1999 and the authors guessed the 36,000 level would be reached in three to five years -- not the 22 years it actually took.