This is what passes for encouraging words these days

By wpcomimportuser1 | October 7, 2008 | +

I should really turn off CNBC, as it’s shaking my brain into Jello, but Zachary Karabell just said something I liked:

Unless you believe the market’s going to hit zero in 25 days, we’re not going to have days like this every day.

But what if you believe the market’s going to hit -10,000 in 50 days?

Update: The Dow ended up dropping 508 points. It would take less than 19 days to get to zero at that rate! What I’m waiting for is when it hits 3,600, and James Glassman and Kevin Hassett reissue their infamous book with a zero lopped off the end.

Related Topics: Economy & Policy

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“What I’m waiting for is when it hits 3,600, and James Glassman and Kevin Hassett reissue their infamous book with a zero lopped off the end.”

I noticed that Glassman’s book is selling for $0.01, and audio cassettes for $0.17. That’s at least two zeros lopped off from their original price.
Curmudgeon

Of course, all you fancy media types knew that the jig was up months ago, because your contacts on Wall Street told you about the conspiracy. I’m sure all of you got out of the market and into gold before the big run-up.

(said with tongue placed firmly in cheek)
Ffred

For my part, I’m rereading Moby Dick. “Oh, Time, Strength, Cash, and Patience!”
Ffred

To be honest, the previous quote was but a dog ear. Last night I only got so far as:

“But, though the world scouts at us whale hunters, yet does it unwittingly pay us the profoundest homage; yea, an all-abounding adoration! for almost all the tapers, lamps, and candles that burn round the globe, burn, as before so many shrines, to our glory!”
Lulu Lulu

I kind of got a kick out of the Customers Who Bought This Book Also Bought farther down on the page you linked to. Here are the titles, in order:

Dow 100,000: Fact or Fiction

Dow 40,000: Strategies for Profiting from the Greatest Bull Market in History

Why the Real Estate Boom Will Not Bust–And How You Can Profit From It: How to Build Wealth in Today’s Real Estate Market (published Feb 2006; also actual title)

The Great Crash 1929

The Great Depression 1929-1941

The Panic of 1907: Lessons Learned from the Market’s Perfect Storm.

It’s like you can put them together and they tell a little story all their own…
Bryan from Houston

James,

Maybe once the Dow hits 3600…Glassman and Co. will be kind enough to re-release it.