TheTradingReport

And, of course, a worst think-tank award of all time to the American Enterprise Institute for paying them a salary.

Let’s turn the mike over to Barry Ritholtz:

Lessons to Be Learned From Dow 36,000 | The Big Picture:

This book will convince you of the single most important fact about stocks at the dawn of the twenty-first century: They are cheap….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.

Glassman and Hassett, introduction, Dow 36,000

Call it the audacity of cluelessness: Let us congratulate James K. Glassman and Kevin Hassett, the authors of the incredibly money losing advice in their book Dow 36,000, on their 10 year anniversary. The book forecast that lofty number would be obtained in 3 to 5 years; it was