McCain's Economic Adviser Predicted That Dow Jones Would Hit 36,000

[No Passaran]

I just saw someone post this on another message board and found it shocking.

From Wikipedia: http://en.wikipedia.org/wiki/Kevin_Hassett

Kevin Hassett is senior fellow at the think tank American Enterprise Institute where he directs economic policy studies. He regularly appears on Bloomberg Television. He advised President Bush in his campaign, and he currently serves as a senior economic adviser to the John McCain 2008 presidential campaign.

Hassett is coauthor with James K. Glassman, of Dow 36,000: The New Strategy for Profiting From the Coming Rise in the Stock Market. It was published in 1999 before the dot-com bubble burst. The book predicted that the Dow Jones industrials index would rise to 36000 within three to five years--i.e., 2002 or 2004.

Hassett's book on Amazon: http://www.amazon.com/Dow-36-000-Strategy-Profiting/dp/0609806998

K/R this. This needs to get out.

[juno jones]

1. There are astrologers out there with a better track record n/t

[garlicmilkshake]

2. My Magic Eight Ball does way better than them too!

:D

[CrispyQ]

8. ...

:rofl: :rofl: :rofl:

[davekriss]

3. He's probably right...

...the DOW will hit 36,000 when we're buying bread with wheelbarrows of cash!

[Winnscott]

4. Great prediction, Einstein

This should become big news tomorrow.

[tblue37]

5. I remember reading the article that book was based on.

I was tutoring someone in macroeconomics at the time, and he had to write a summary and critique of an economic article, and that's the one we chose. Even then we thought it was insane.

[No Passaran]

6. It is insane

and a perfect opportunity by Obama to hit McCain on it during tomorrow's debate. Imagine if he does use something like this out of nowhere. KO

[unblock]

7. and people said there would be no difference between bush and gore!

ba-doom CHA!!!

[LiberalFighter]

9. Everyone that bought the book should demand their money back.

[NightWatcher]

10. move the comma one spot to the left. 3,600- that I can believe

[OakCliffDem]

11. Kick