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11 Oct 2008 12:05 pm
Von Hoffmann Award Nominee
"Stocks are now, we believe, in the midst of a one-time-only rise to much higher ground—to the neighborhood of 36,000 for the Dow Jones Industrial Average. After they complete this historic ascent, owning them will still be profitable but the returns will decline. You won't be able to make as much money from them each year. We believe that in the meantime, however, astounding profits will be made," - James Glassman and Kevin Hassett, The Atlantic, September 1999.
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