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To: IceShark who wrote (57811)	8/23/1999 11:17:00 AM
From: Ilaine	Read Replies (1) \| Respond to of 86076

Glassman has had a regular column in the Washington Post for years, but it hasn't been there of late. Don't know if he quit or is on sabbatical or what, but it seems to be coincident with the publication of his book. He didn't use to be such a bull, I think the ideas come from his co-author, and he is kind of the guy who put it into nice language, as he's really a professional journalist. I don't know where he's originally from, but he was in New Orleans for a long time, he started a tabloid newspaper I used to work for, the Figaro, which tried to emulate the Village Voice but more upscale. (Doncha love that word, "upscale"? I learned it working at Figaro ~ there was a fake ad in the layout department that said "Upscale dogs shit on Figaro.") And he left to start some money magazine in the D.C. area, which I think went under, and then he went to work for the Washington Post. So, he's really just a news guy, very talented at selling ads, he used to be, anyway.

To: IceShark who wrote (57811)	8/23/1999 11:27:00 AM
From: Ilaine	Read Replies (1) \| Respond to of 86076

Here's a link to Glassman's last book, he co-authored a book on advertising with another guy at the American Enterprise Institute. It's already out of print. Bet this new book sells a bundle. You don't usually go broke telling people what they want to hear. amazon.com

To: IceShark who wrote (57811)	8/23/1999 11:36:00 AM
From: pater tenebrarum	Respond to of 86076

note that Glassman is not predicting Dow 36,000 at some point in the future...he actually thinks that is where the Dow should trade right here and now, based on the premise that stocks should have zero risk premium. it reminds me a lot of the wild theories that were en vogue to explain the Nikkei's mania in the 80's. btw, the p/e of 100 that Glassman thinks should be normal has long ago been eclipsed by the Nasdaq. at the July high the Naz p/e was 141, far higher than the Nikkei's p/e at the peak in '89 (which was 78 or so). the bull market has blinded many people w/regards to the possibility of stocks doing anything other but go up. nevertheless, every bull market sows the seeds for the bear market that will follow at it's end and the longer and more extensive the bull market the more painful the bear market will be. however, no-one knows when the greed phase will be replaced by the fear phase, all we can state with some confidence is that it will happen at some point. Mr. Glassman doesn't know either - he has a book to sell, that's all.