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The Stock Market Without Tears: What we said in Dow 36,000; why the critics are wrong.(Column)(Industry Overview)
The publication of Dow 36,000 has caused such a stir that it has at times seemed as if co-author James Glassman and I had written another Bell Curve. Yet Dow 36,000 merely seeks to describe why stocks are highly volatile in the short run but highly profitable in the long run. How could such a message be inflammatory?
The question of this upset is hardly new. In February 2000, Investors Business Daily ran an editorial asking why the Left was obsessed with Dow 36,000. The piece upbraided Paul Krugman and online magazine Slate for their "ludicrous" accusations that our theory contained a mathematical error, adding that "even by the loose journalistic standards of ...
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