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How Now, 36,000 Dow? The Ominous Undertone of Rallies

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Is James K. Glassman right this time?

The co-author of "Dow 36,000"—which was published near the peak of the Internet bubble in 1999 and called for stocks to triple in as little as five years—is rolling out a book warning investors to protect themselves against another round of financial disasters.

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