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Dow 36,000

"Dow 36,000: The New Strategy for Profiting From the Coming Rise in the Stock Market" is a book by James Glassman and Kevin Hassett. Published in 1999, it is an unmistakable product of a time when a bursting dot-com bubble was unimaginable and irrational exuberance was contagious.

The book's premise was that the boom times would cause the Dow Jones Industrial Average to rise to 36,000 within just a few years, and it offered advice on how best to cash in on this eventuality.

The introduction states, "If you are worried about missing the market's big move upward, you will discover that it is not too late. Stocks are now in the midst of a one-time-only rise to much higher ground–to the neighborhood of 36,000 on the Dow Jones Industrial Average."

Sadly, it didn't exactly work out that way. At press time, the Dow was hovering at 16,336, and a used paperback copy of the now out-of-print book can be purchased on Amazon for as little as one cent.

Photo: Amazon.comInset: American Enterprise Institute