FYI: (If link doesn't work, Google article title.)
With hindsight, it is easy to mock Dow 36,000. But that’s no reason not to do it. Especially since co-author Kevin Hassett now sits in the White House, as chief economic adviser to a US president who loves to cheer stock market milestones.
Published in October 1999, the book argued that stocks should triple in about four years. Investors had historically attached too much risk to the asset class, wrote James Glassman and Mr Hassett, and were now wising up to the fact that blue-chip companies would reliably increase dividends.
Regards,
Ted
https://www.ft.com/content/ce97b544-b56f-11e7-aa26-bb002965bce8
