James K. Glassman is a smart guy and a well-known writer. He’s the founding executive director of the George W. Bush Institute, a public policy development institution, as well as a visiting fellow at the American Enterprise Institute. He’s also one of the 21 members of the Investor Advisory Committee of the Securities and Exchange Commission.
Glassman is the author of “Dow 36,000,” which he wrote in 1999 just before the dotcom bubble burst. While he admitted he had been wrong in his enthusiasm in his 2011 book, “Safety Net: The Strategy for De-Risking Your Investments in a Time of Turbulence,” in a March 2013 article for Bloomberg he said he still believed the Dow could reach 36,000 before 2023 if the right policies were in place.