Glassman's Gaffe: Dow 36,000 or Dow 6,300?

You have to hand it to the editors over at Bloomberg. They’re leading the discussion.They’ve got people talking.

Unfortunately, for them, no one is saying anything nice.

Instead, the chatter is mostly mockery. James K. Glassman, via a guest column on Bloomberg.com, is back with his prediction that the Dow Jones Industrial Average DJIA -0.20%   will hit 36,000. It’s a prediction he made in a 1999 book co-written by Kevin A. Hassett when the Dow was close to 10,000. You know, a few years before it went to 7,700 and a few years after that to 6,600. See Glassman’s ‘How to get to 36,000’ on Bloomberg.