"Meet the Press" by Nicholas Confessore

"Meet the Press" by Nicholas Confessore: "In the fall of 1999, journalist James K. Glassman and economist Kevin A. Hassett published a book provocatively titled Dow 36,000: The New Strategy for Profiting From the Coming Rise in the Stock Market. The New Economy was not a high-tech version of tulipmania, they argued, and the stock market was not overvalued. Properly understood, wrote Glassman and Hassett, the Dow--then upwards of 10,000--was actually undervalued: 'Stock prices could double, triple, or even quadruple tomorrow and still not be too high.' It was a bold thesis, and more than a few skeptics disputed it in op-eds and book reviews. But this was the height of the boom, the authors were telling Wall Street exactly what it wanted to hear, and Dow 36,000 was a sensation. It rapidly became a New York Times bestseller, sparking incessant water-cooler conversation and wide coverage on the nation's business pages. Glassman, having already been a chat-show host and nationally syndicated financial columnist for The Washington Post, became a bona fide celebrity, widely profiled in the press and invited on television shows across the country to predict that the party, far from being over, was just getting started."