>James Glassman... predicted that the Dow Jones industrial average would not stop at 10,000 but rise inexorably to 36,000.<
He was interviewed on US NPR this morning. He still thinks that the Dow will hit 36,000, about 10 years from now. (Frankly, I think the Messiah will come (back?) first.) His advice, however, was mundane in the extreme: the "average stockholder" should diversify and hold for the long term. Why do we need people like him for such advice? can't we put the stock analysts and pundits to doing some productive labor instead?
Jim Devine jdevine@xxxxxxx & http://bellarmine.lmu.edu/~jdevine
- [PEN-L:28090] George Orwell call home, Eric Nilsson Tue 16 Jul 2002, 19:29 GMT
- [PEN-L:28088] NYPD go global, pms Tue 16 Jul 2002, 18:52 GMT
- [PEN-L:28087] Re: Prostituting nature for Alcoa, Michael Hoover Tue 16 Jul 2002, 18:13 GMT
- [PEN-L:28085] Re: RE: Larry Elliott/Dr Doom, Carl Remick Tue 16 Jul 2002, 17:41 GMT
- [PEN-L:28081] RE: Larry Elliott/Dr Doom, Devine, James Tue 16 Jul 2002, 17:04 GMT
- [PEN-L:28083] Re: RE: Larry Elliott/Dr Doom, Doug Henwood Tue 16 Jul 2002, 17:30 GMT
- [PEN-L:28084] Re: Re: RE: Larry Elliott/Dr Doom, Ian Murray Tue 16 Jul 2002, 17:37 GMT
- [PEN-L:28078] Prostituting nature for Alcoa, Louis Proyect Tue 16 Jul 2002, 16:24 GMT
- [PEN-L:28079] Re: Prostituting nature for Alcoa, Michael Perelman Tue 16 Jul 2002, 16:34 GMT