Reddit reviews Dow 36,000: The New Strategy for Profiting from the Coming Rise in the Stock Market

>You're comparing a technology that can be the most disruptive thing since the Internet to regular traditional investments.

Incidentially, that was exactly the same thing that was said about Dotcom stocks. That book was written in 1999 at the height of dotcom mania and it predicted the Dow at 36,000 within 3 years. 18 years later, a 9/11, the housing bubble, it's at 20,000.

In 2008 at the height of the housing boom, there was also an oil boom. Oil was at $150 a barrel back then and people were predicting the new normal in 3-4 years to be $200-250 per barrel oil.Today the price of oil is almost 1/3rd that at $50.

A correction is coming, a major one. The shitty coins and tokens will be weeded out, the strong will take big hits but survive.

Next stop, Dow 36,000!

Hey! it's the new reality! P/E 300 here we come!

In the mean time, just to make sure you won't sell early, check out some mandatory reading:

http://www.amazon.com/Dow-2008-Different-This-Time/dp/1893958701

Somewhat more speculative http://www.amazon.com/Dow-40-000-Strategies-Profiting/dp/0071351280/ref=pd_cp_b_2

and somewhere in between http://www.amazon.com/Dow-36-000-Strategy-Profiting/dp/0609806998/ref=pd_cp_b_3


and of course http://www.amazon.com/Real-Estate-Boom-Will-Bust/dp/0385514352/ref=pd_cp_b_0

30,000,
36,000,
40,000,
100,000, there's a book for everyone!

So this means it'll hit 36,000 soon, right? That's what these guys say ...

Anyone remember DOW 36,000?
http://www.amazon.com/Dow-36-000-Strategy-Profiting/dp/0609806998

I can't believe that the review section of Amazon isn't filled with more laughter and hooting...

Hai guyz just dropping by to remind you all whut a fine econumist Kevin Hassett iz:


http://www.amazon.com/Dow-36-000-Strategy-Profiting/dp/0609806998

Dow 36,000

*36,000

https://www.amazon.com/Dow-36-000-Strategy-Profiting/dp/0609806998

Bitcoin reaching US$600,000? Really?

Some jokers thought that the Dow Jones Industrial Average would be at 36,000 in "a few years" back in 1999, too.

No, the cause of the bubble was flawed market psychology, like it is with all bubbles. They expected the market to go up forever, just like the house flippers in 2006 did. Books like Dow 36000 were being released in the dot-com period. It was just another Tulip Mania.

I see what you did there ;)

In hindsight that appears to be correct, but I'm not sure if it was that straightforward in 2011. There are many differences between the US now and Japan in the 1990s. I see a lot of people declaring victory over others who predicted higher interest rates and inflation as a result of QE, but the main thing I've learned in paying attention to markets and the economy is that hardly anything is as it seems. The people downplaying a threat of future inflation could be like the people calling for Dow 36,000 in 2000 or the people saying stock prices in 2007 were perfectly rational. Now, the people who went on record predicting inflation were certainly like the 2000 and 2007 folks, but the people predicting muted inflation over the next 5 years could be doing the same thing. The determinants for future prices and interest rates are just way too complicated for the human brain to comprehend. Krugman did end up being right, but I'd be very surprised if anyone truly grasps the complex interactions that led to interest rates and inflation doing roughly what he thought they would do.