Faculty Publications

Title

Why the hoopla over Dow 20,000?

Document Type

Article

Publication Date

1-5-2017

Abstract

"Dow 36,000" was the title of a popular press book on the stock market published in 1999. Authors James Glassman and Kevin Hassett predicted that the Dow Jones Industrial Average would rise to 36,000 within a few years. Of course, the dot com bubble, 9/11, and the financial crisis led to a lost decade of stock returns.