DOW 36000 - Glassman and Hassett Message Board

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Pastimes : DOW 36000 - Glassman and Hassett

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To: Sid Turtlman who wrote (18)	12/1/1999 9:05:00 PM
From: Clouseau	Read Replies (1) of 42

Sid - thanks for such a clear exposition... I recall that one of the Glassman Hassett articles said that the origin of their research interest was in the inexplicable rise in the equities market - in the early nineties, Glassman kept writing articles for the Post about traditional valuations, regression to the mean and so on, and yet the market kept rising - thru 6000, 7000, 8000, etc, so they went off and hatched this theory to explain what was going on and why the surge was possibly rational. So - if their theory doesnt explain it, I hafta ask what is the Turtlman theory? Are we in an unusual epoch of high productivity gains, or a unique global economic expansion, or are we in a tulip bubble? New paradigm? Other? Appreciate your thoughts! Dave

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