Review excerpt:
Superficial criticism of the book focuses on the likelihood of achieving a 36,000 Dow any time soon. More substantive critiques question the assumptions underlying the authors' arithmetic.
But the real impact of the book lies elsewhere. The authors have asserted a method of regarding the stock market that is at once comforting and rigorous.
James K. Glassman is a resident fellow, and Kevin A. Hassett a resident scholar, at AEI.
