Dow 36,000 is back … Time to party like it’s 1999 !


Remember James K. Glassman? Well if you don’t, you might just remember the book ”Dow 36,000” that came out in 1999, back in those days when was all the rage and any tech IPO that did not spike higher by at least 50% on the first day of trading was considered a failure.  Anyway, James Glassman was the co-author of that book.

Mr. Glassman back in February 2011 in the Wall Street Journal (, was giving his excuse of why it did not happen like he envisaged.

He is back again today with a vengeance. ”Today, the far edge of that time frame is clearly in reach. From its low of 6,547 on March 9, 2009, the Dow has risen 117 percent. Another 117 percent in four years would put it at 31,022, just 16 percentage points shy of the magic number!”  (


God help us!

P.S. I am out of all speculative longs in index longs in S&P500 and turned slight short in S&P500, DAX & HSI.  Stops 1.5% above current market.

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