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Dow 36,000: The New Strategy for Profiting From the Coming Rise in the Stock Market
James K. Glassman , Kevin Hassett , and Kevin A. Hassett Manufacturer: Three Rivers Press ProductGroup: Book Binding: Paperback Similar Items:
ASIN: 0609806998 Release Date: 2000-11-14 |
Amazon.com
Most books that predict a sky-high stock market make their forecast either by extrapolating the trend line of the market's recent past or by looking at the demographics of the baby boom and the vast amounts of retirement funds chasing stocks. In Dow 36,000, James Glassman and Kevin Hassett see a bright future for stocks, but rather than looking at external factors, the two base their prediction on the intrinsic value of equities and their ability to generate cash.At the heart of Glassman and Hassett's argument is the idea that stocks have been undervalued for decades and that, for the next few years, investors can expect a dramatic one-time upward adjustment in stock prices. Why? While Wall Street has focused on valuation measures such as P/E ratios, it has virtually ignored how stocks can work as cash engines (the good ones, at least). The authors cite example after example of the growth in dividend income for stocks and how it has consistently beaten the annual payouts of long-term Treasury bonds. One example they cite is Exxon, which you could have bought in 1977 for about $6 when it was paying a dividend of 37 cents, or about 6 percent a share. Twenty years later, the dividend had grown to $1.63 or 27 percent of your initial $6 investment. Compare two $1,000 investments over 20 years in Exxon and 7.5 percent Treasury bonds: payments from the T-bonds would amount to $1,500; the Exxon dividends would add up to $3,585--not to mention that shares in Exxon went from $6 to $61 during that same period. To get to their target of 36,000, the authors project dividend growth of the 30 stocks that make up the Dow and apply a valuation measure that they call PRP ("perfectly reasonable price"). Many will dismiss this kind of thinking as wishful, but they're probably the same Chicken Littles who have been calling the market overpriced for years (think back to January 1993, when the Dow was hovering around 3,300).
In addition to making their case for undervalued stocks, the authors toss off some good investment advice about stock picking, portfolio allocation, and buying mutual funds, and they go to great pains not to bulldoze readers with investing and economic jargon. As you might expect, Glassman, an investing columnist for the Washington Post, and Hassett, a former senior economist with the Federal Reserve, are firmly in the buy-and-hold camp, and make the case for working with a full-service broker as a check against churning, something that's all too easy to do when trading over the Internet. This book is sure to rile some, but no matter where you think stock prices are headed, Dow 36,000 is a provocative read that belongs on the bookshelf of any thoughtful investor. Who knows? We may come to think of these guys as value investors on steroids. --Harry C. Edwards
Book Description
"Every stock owner should read this book."Customer Reviews:
Worthless Gilder-Laffer-Wanniski supplyside nonsense.......2005-09-07
Absurd.......2005-04-28
Paradigm Shifting? Not Yet........2004-01-16
waiting ............2002-11-08
Authors that later lie about their message........2002-11-07
I come to write this review because just for a lark I thought I'd search the internet for Glassman, see what he's pushing today, so I can get out of it for my own safety.
In writing this review I treat the authors' late-90s media appearances and book-related articles all as one whole.
Hassett and Glassman are out there now (Nov 2002) writing (paraphrased) "we never wrote the DOW would be at 36000 soon".
I read the book in fact in winter 99/00 along with some of their articles, and did catch a few of their TV appearances. They definitely did write either in the book or one of the accompanying pieces (Washington Post or The Atlantic) that stocks are in a 'one-time surge' and everyone must GET IN NOW.
Their media appearances were even worse...
"GET IN NOW!!!
DON'T MISS THIS ONCE IN A LIFETIME OPPORTUNITY!!!!
YOU'RE FOOLS IF YOU DON'T
MORTGAGE YOUR HOUSE TO BUY STOCK!!"
They used to remind me of that Joe Piscopo SNL salesman character (you remember, the frenzied salesman, "WE MUST BE INSANE!!! OUR PRICES ARE SO LOW WE'LL GO OUT OF BUSINESS YESTERDAY!!!!").
And they are completely unrepentant. I just read a Glassman article (Wash Post - why the ...are they still giving this unrepentant, lying moron/clown a stage?) claiming he was right all along and 36000 is STILL the DOW's fair value. Claiming that Siegel's research supported G&H's conclusions (Siegel, who currently seems bullish said they misconstrued his research. Interesting word, misconstued - is Siegel saying G&H are liars, idiots, or some combination thereof?). Claiming that all investors everywhere should still be fully invested in the stock market for the long term.
Something a lot of the other reviews are not pointing out is that G&H had ideological motives for pushing stocks (Glassman was once publisher of a right wing magazine, I forget which one). Both G&H were[1] republicans and both felt that the more people own stock the more conservative they become, in an attempt to protect their assets.
[1] I don't know their current predilictions.
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Dow 36,000-The New Strategy for Profiting From the Coming Rise in the Stock Market
Manufacturer: Random House ProductGroup: Book Binding: Paperback ASIN: B000HEQ9XQ |
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Fixing Financial Crises in the 21st Century (Routledge International Studies in Money and Banking, 28)
Andrew Haldane Manufacturer: Routledge ProductGroup: Book Binding: Hardcover ASIN: 0415327601 |
Book Description
Financial crises have dogged the international monetary system over recent years. They have impoverished millions of people around the world, especially within developing countries. And they have called into question the very process of globalization. Yet there remains no intellectual consensus on how best to avert such crises, much less resolve them. Policymakers stand at a cross-roads.
This volume summarizes and evaluates these issues, drawing on contributions by prominent international experts in the field. It considers whether the IMF may have actually fanned the flames of future crises through its lending decisions. It assesses the contribution made by private creditors in resolving past crises - and asks what mechanisms might best be used to involve private creditors in the future. It also assesses the merits of two recent competing blueprints for architectural reform - the so-called contractual and statutory approaches to crisis resolution. These issues will shape the debate on the future of the international monetary system over the next decade and, probably, beyond. For although crises may always be with us, better public policy can surely help mitigate their future cost and incidence.
With an impressive array of internationally based contributors, this book will deserve a place on the bookshelves of any self-respecting economist, financial adviser or banking institution.
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The Relevance of International Adjudication
Milton Katz Manufacturer: Harvard University Press ProductGroup: Book Binding: Hardcover ASIN: 0674755006 |
Book Description
It has been an ancient and tenacious human hope that mankind could apply to the no man's land between states the experience of domestic law in curbing violence and settling disputes. Within a society, the use of law to resolve disputes and contain violence centers in the courts and the police. Men anxious to restrain international aggression and settle international disputes peaceably have long sought to invoke international policing and adjudication under law. Twice within the past half-century, they have undertaken to build worldwide organizations to keep the peace. The United Nations system assigns a critical role to adjudication under the Charter and international law.
In this book, one of America's foremost legal scholars, who has extensive experience in foreign policy, administration, and international law, explores whether and to what extent decisions by international tribunals have been significant, or may yet be significant, for the settlement of international disputes. Mr. Katz believes that adjudication as an institution ranks among the great creative achievements of mankind, but it has its limitations--limits both in current practice and in its potential scope.
In presenting his argument; Mr. Katz concentrates upon the period since the end of World War II and deals primarily with international conflict within the experience of the United Nations and the International Court of Justice. He focuses on disputes resulting from the Cold War and on those between established industrial states and newly emerging states or peoples that have not yet attained a full measure of self-government.
In examining what happened and appraising what might have happened; Mr. Katz keeps the reader constantly aware of the many meanings of law; and of the need to sort out the different meanings in order to apply law effectively. Without an understanding of the effective reach and the limits of adjudication; he insists; we will waste opportunities for settling international controversies. We can waste opportunities by failing to use international tribunals where they can be effective; we can dissipate the precious resource of adjudication in wishful misapplications; and in misapplying adjudication; we can divert our attention from other ways and means more pertinent to the settlement of particular international disputes.
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Plot Scale Models and Their Application to Recharge Studies: Basics of Recharge and Discharge
Gr Walker , and L. Zhang Manufacturer: Csiro ProductGroup: Book Binding: Paperback ASIN: 0643062904 |
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Solutions Manual for Inorganic Chemistry, Third Edition
Steven H. Strauss , Duward Shriver , and Peter Atkins Manufacturer: W. H. Freeman ProductGroup: Book Binding: Paperback Similar Items:
ASIN: 0716734389 |
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Inorganic Chemistry, Third Edition, CD & Study Guide/Solutions Manual
Duward Shriver , and Peter Atkins Manufacturer: W. H. Freeman ProductGroup: Book Binding: Paperback ASIN: 0716737183 |
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Descriptive Inorganic Chemistry, Third Edition & Student Solutions Manual
Geoff Rayner-Canham , and Tina Overton Manufacturer: W. H. Freeman ProductGroup: Book Binding: Hardcover ASIN: 071675861X |
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Solutions Manual for Inorganic Chemistry Third Edition
Colin Baird Manufacturer: W.H. Freeman & Company ProductGroup: Book Binding: Paperback ASIN: 071676394X |
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Ormen Lange - an integrated study for safe field development in the Storegga submarine area
Manufacturer: Elsevier Science ProductGroup: Book Binding: Hardcover ASIN: 0080446949 |
Book Description
Great effort has been undertaken to investigate potential geohazards in relation to the development of the Ormen Lange gas field offshore Mid-Norway.
The field is located in the scar left after the giant, tsunami-generating Storegga Slide, which occurred roughly 8200 years ago, and the slide risk has consequently received particular focus. The studies have been multi-disciplinary in character, and have involved a number of companies, universities, and research institutions. The results of the project led to a significant advance in the understanding of the Storegga Slide in particular, and submarine slope instability in general, and played an important role in the approval of field development by Norwegian authorities.
This book comprises 26 individual contributions representing the wide span of topics addressed in the project. The main scope is to provide a state-of-the-art report on geohazard investigations in a high latitude continental margin setting. Most of the data and results published in this book would not have reached beyond the confidential report stage unless the license partners of the Ormen Lange license had agreed that this information deserves a wider audience.
* Multidisciplinary and covers most themes treated in slope stability studies prior to the field development phase
* Provides a link between basic research and applied geohazard studies, with direct relevance for risk evaluation in relation to field development activities, such as pipeline design, drilling of wells, structure foundation etc.
* A state-of-the-art report on geohazard investigations in a high latitude continental margin setting in relation to field development activities
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Ormen Lange: An Integrated Study for Safe Field Development in the Storegga Submarine Area
P.; Berg,K.; Sejrup,H.P. Solheim; Bryn Manufacturer: Elsevier ProductGroup: Book Binding: Paperback ASIN: B000N5BMBI |
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Ormen Lange: An Integrated Study for Safe Field Development in the Storegga Submarine Area
Solheim; P. Bryn; K. Berg; H.P. Sejrup Manufacturer: Elsevier Science ProductGroup: Book Binding: Paperback ASIN: B000OGYM68 |
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Nstar 2001
Germany) Workshop on the Physics of Excited Nucleons (2001 Mainz Manufacturer: World Scientific Publishing Company ProductGroup: Book Binding: Hardcover ASIN: 9810247605 |
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Confessions Of A Country Boy
GEORGE G. MOTZ Manufacturer: iUniverse, Inc. ProductGroup: Book Binding: Paperback ASIN: 0595351980 |
Book Description
CONFESSIONS is a collection of stories from a practical joker that plays up the `Ol' Country Boy' routine mainly for the benefit of the tourists. Many of the local people will identify with the players in these comedies and philosophical stories, as Motz is a practical joker and has been known to instigate many a misunderstanding, or to feign innocence to initiate a comic and embarrassing situation. An innocent in a world of hunters, fishermen and other liars, Motz goes out of his way to make you laugh, sometimes at his expense and often at the expense of others, who try to show how sophisticated they are. His first story about going hunting for raccoons and the misunderstandings which can occur is classic. For many years, Motz was a newspaper columnist and his humor is sometimes sarcastic, sometimes banal, sometimes self-edifying, sometimes quixotic, but never has it been dull. In many of the stories, morality suffers on the surface, only to emerge in some twisted and perverse manner later on. The often wry or cutting humor will make you read with concentration, for fear of missing some hidden fact or quirky twist of fate. You will laugh at times and you will just shake your head at others, but you will not find these observations and stories boring. And when you finally put this book down, you will reflect many times later on about how a single misunderstanding or double meaning can change a single story or single life. You will also have a deeper appreciation of the humor of a modern rural America, the world of the author.Download Description
CONFESSIONS is a collection of stories from a practical joker that plays up the 'Ol' Country Boy' routine mainly for the benefit of the tourists. Many of the local people will identify with the players in these comedies and philosophical stories, as Motz is a practical joker and has been known to instigate many a misunderstanding, or to feign innocence to initiate a comic and embarrassing situation. An innocent in a world of hunters, fishermen and other liars, Motz goes out of his way to make you laugh, sometimes at his expense and often at the expense of others, who try to show how sophisticated they are. His first story about going hunting for raccoons and the misunderstandings which can occur is classic. For many years, Motz was a newspaper columnist and his humor is sometimes sarcastic, sometimes banal, sometimes self-edifying, sometimes quixotic, but never has it been dull. In many of the stories, morality suffers on the surface, only to emerge in some twisted and perverse manner later on. The often wry or cutting humor will make you read with concentration, for fear of missing some hidden fact or quirky twist of fate. You will laugh at times and you will just shake your head at others, but you will not find these observations and stories boring. And when you finally put this book down, you will reflect many times later on about how a single misunderstanding or double meaning can change a single story or single life. You will also have a deeper appreciation of the humor of a modern rural America, the world of the author.
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Confessions of a Country Boy
Keith Skipper Manufacturer: Ulverscroft Large Print ProductGroup: Book Binding: Hardcover ASIN: 0753198622 |
Book Description
Memories of a Norfolk childhood in the 1950s by one of Norfolk's best-known humorists and broadcasters. 36 separate pieces, three for each month of the year. Affectionate and funny, the writing offers a sharp-eyed and unsentimental view of post-war life in Norfolk in particular, and the country in general, in 1950s England.
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Tiger Force: A True Story of Men and War
Michael Sallah , and Mitch Weiss Manufacturer: Little, Brown and Company ProductGroup: Book Binding: Hardcover Similar Items:
ASIN: 0316159972 |
Book Description
Tiger Force was an experiment, a group of specially selected soldiers from the Armys 101st Airborne Division whose main objective was to find the enemy in the jungles of Vietnam and call in air strikes. But it was an experiment that went horrifically wrong. During a seven-month rampage in 1967, members of Tiger Force went over the edge and into the abyss. They murdered innocent civilians, and spun dangerously out of control. Their victims ranged from old farmers to newborns, and were so numerous that the soldiers sometimes did not even bother to count the corpses. If the Devil had a unit, these were his men. And then their crimes were covered up. Told from the viewpoints of the soldiers who tried to resist this descent into hell, and those who did not, and including accounts from Vietnamese who witnessed the Tiger Forces rampages, this is history at its most harrowing. It is also the astonishing story of how these events, buried by the Army for decades, came to light at last through the heroic persistence of a few individuals who could not forget.Customer Reviews:
Sad but True.......2007-09-14
well research and told lesson of the U.S. Army in Vietnam.......2007-09-02
RICK SHAQ GOLDSTEIN SAYS: "MESMERIZING VIEW, ONLY FOR A FEW, OF A PORTION OF THE WAR.".......2007-07-01
technical errors.......2007-06-13
Unflinching look at savagery.......2007-03-18
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Tiger Force: A True Story of Men and War
Michael Sallah , and Mitch Weiss Manufacturer: Hachette Audio ProductGroup: Book Binding: Audio CD ASIN: 1594839549 |
Book Description
At the outset of the Vietnam War, the Army created an experimental fighting unit that became known as "Tiger Force." The Tigers were to be made up of the cream of the crop-the very best and bravest soldiers the American military could offer. They would be given a long leash, allowed to operate in the field with less supervision. Their mission was to seek out enemy compounds and hiding places so that bombing runs could be accurately targeted. They were to go where no troops had gone, to become one with the jungle, to leave themselves behind and get deep inside the enemy's mind. The experiment went terribly wrong.What happened during the seven months Tiger Force descended into the abyss is the stuff of nightmares. Their crimes were uncountable, their madness beyond imagination-so much so that for almost four decades, the story of Tiger Force was covered up under orders that stretched all the way to the White House. Records were scrubbed, documents were destroyed, men were told to say nothing.But one person didn't follow orders. The product of years of investigative reporting, interviews around the world, and the discovery of an astonishing array of classified information, Tiger Force is a masterpiece of journalism. Winners of the Pulitzer Prize for their Tiger Force reporting, Michael Sallah and Mitch Weiss have uncovered the last great secret of the Vietnam War.
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Tiger Force: A True Story of Men and War
Michael Sallah , and Mitch Weiss Manufacturer: Back Bay Books ProductGroup: Book Binding: Paperback Similar Items:
ASIN: 0316066354 |
Book Description
The last great secret of the Vietnam War is revealed in a gripping book that is the culmination of efforts for which the authors received a Pulitzer Prize for investigativereporting. TIGER FORCE is the searing story of a group of elite army soldiers in Vietnam who spun dangerously out of control and went on a horrific seven-month rampage. It is also the story of how these crimes, buried by the army for decades, at last came to light through the heroic persistence of a few individuals who could not forget.Customer Reviews:
Worth reading.......2007-07-15
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Tiger Force: A True Story of Men and War
ProductGroup: Book Binding: Hardcover Similar Items:
ASIN: B000JBY0S8 |
Customer Reviews:
This is sad.......2007-05-24
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Tiger Force : a True Story of Men and War
Michael and Weiss, Mitch Sallah Manufacturer: Little, Brown & Co. ProductGroup: Book Binding: Paperback ASIN: B000O5YGI8 |
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Tiger Force a True Story of Men & War
Michael Sallah Manufacturer: LITTLE BROWN & CO @ ProductGroup: Book Binding: Hardcover ASIN: B000N772U6 |
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Tiger Force: A True Story of Men and War
Weiss, Michael, Mitch Sallah Manufacturer: audible.com ProductGroup: Book Binding: Audio Download ASIN: B000FQFSTW |
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Tiger Force: A True Story of Men and War.: An article from: Engineer: The Professional Bulletin for Army Engineers
Jeffrey L. Rosemann Manufacturer: Thomson Gale ProductGroup: Book Binding: Digital ASIN: B000OT7NKM Release Date: 2007-03-20 |
Book Description
This digital document is an article from Engineer: The Professional Bulletin for Army Engineers, published by Thomson Gale on October 1, 2006. The length of the article is 469 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.
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Sources of World Civilization, Vol. 2: Connections and Conflict, Third Edition
Oliver A. Johnson , and James Halverson Manufacturer: Prentice Hall ProductGroup: Book Binding: Paperback Similar Items:
ASIN: 013183505X |
Book Description
This illuminating anthology spans the world and its history from 1500 to the late 20th century. It examines significant documents that will acquaint readers with major world civilizations and help them understand the historical forces and ideas that have shaped the world in which they live. KEY TOPICS Selections include works by Christopher Columbus, Martin Luther, John Calvin, Isaac Newton, Adam Smith, Karl Marx and Freidrich Engels, Charles Darwin, Rudyard Kipling, Mohandas Gandhi, Mao Tse-Tung, Adolf Hitler, and Martin Luther King, Jr. For individuals seeking an interesting and full understanding of the history of the world since 1500.
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Women Scientist In America V.2: BEFORE AFFIRMATIVE ACTION, 1940-1972 (Women Scientists in America)
M.W. ROSSITER Manufacturer: JOHNS HOPKINS UNIVERSITY PRESS ProductGroup: Book Binding: Paperback Similar Items:
ASIN: 0801857112 |
Book Description
Margaret Rossiter's widely hailed Women Scientists in America: Struggles and Strategies to 1940 marked the beginning of a pioneering effort to interpret the history of American women scientists. That effort continues in this provocative sequel that covers the crucial years of World War II and beyond. Rossiter begins by showing how the acute labor shortage brought on by the war seemed to hold out new hope for women professionals, especially in the sciences. But the public posture of welcoming women into the scientific professions masked a deep-seated opposition to change. Rossiter proves that despite frustrating obstacles created by the patriarchal structure and values of universities, government, and industry, women scientists made genuine contributions to their fields, grew in professional stature, and laid the foundation for the breakthroughs that followed 1972.
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Women Scientists in America : Before Affirmative Action, 1940 - 1972 ( Volume 2 )
Margaret W. Rossiter Manufacturer: Johns Hopkins University Press ProductGroup: Book Binding: Paperback ASIN: B000KMOB7Q |
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Women Scientists in America: Before Affirmative Action, 1940-1972
Margaret W. Rossiter Manufacturer: Johns Hopkins Univ Pr ProductGroup: Book Binding: Perfect Paperback ASIN: B000OM3JNO |
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Rocking the Boat : Conserving Fisheries and Protecting Jobs (Worldwatch Paper 142)
Anne Platt McGinn Manufacturer: Worldwatch Institute ProductGroup: Book Binding: Paperback ASIN: 1878071440 |
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