Let's look back 9 years, to 1999, when James K. Glassman wrote his remarkable book DOW 36,000, suggesting that the stock market was significantly undervalued and would triple its value over 3 to 5 years.
By the way: in June 2008, Glassman became Under Secretary for Public Diplomacy and Public Affairs in the Bush administration.
And these are the guys who want to privatize social security. Nice, huh?
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