Dow 36,000: The New Strategy for Profiting from the Coming Rise in the Stock Market

xviii, 294 pp. "Dow 36,000: The New Strategy for Profiting From the Coming Rise in the Stock Market is a 1999 book by syndicated columnist, James K. Glassman and American Enterprise Institute scholar and former Federal Reserve economist, Kevin A. Hassett.[1][2] 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) rising to 36,000 by 2002 or 2004.[3][4] The Dow was pushed down by the bursting of the dot-com bubble as the NASDAQ peaked in 2000 and bottomed out in 2002, and by the September 11 attacks in 2001. The Dow fell below 8,000 in 2002 and remained below 12,000 until 2006."