Tuesday, October 07, 2008

Flashback 1999

The Dow Jones Industrial Average first crossed above 10,000 in early 1999, about 9½ years ago. Within a few months, James K. Glassman and Kevin A. Hassett were predicting a rise to 36,000 within a few years. Yesterday, the Dow fell below the 10,000 mark.

From Wikipedia:
"As of September 2008, Hassett was serving as an economic advisor to John McCain's Presidential campaign." That ought to inspire confidence.

1 comment:

  1. A loser consultant for a losing campaign. But what do you expect in modern day America, where it is who you know, and not what you know and what you do. We are living in a modern era of feudalism and monarchy.