Bull! 144 Stupid Statements from the Market's Fallen Prophets

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9780740736124: Bull! 144 Stupid Statements from the Market's Fallen Prophets
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o "We're going to reach the point where stocks are correctly priced, and we think that's 36,000." -James Glassman, best-selling authoro "Not even Greenspan can stop the Internet economy." -Larry Kudlow, economisto "Our techs are all overvalued but that's not a factor right now." -Jim Cramer, CNBCThrough the 1990s, stocks went up for so long that millions started to believe the pundits who predicted they would climb forever. The market was heralded as a magic get-rich-quick scheme-and its stars were the breathless financial reporters, analysts, politicians, and CEOs who urged Americans to buy, buy, buy and hold, hold, hold. But trees don't grow to the sky and as the market plummets by frequent and lasting double-digit drops, these stars no longer seem as bright. In retrospect, some seem downright stupid. Authors Greg Eckler and L. M. Mac Donald use their wry perspective to profile them all, reminding us that there was a whole team of "experts" encouraging us to rip up our savings while the rich got "super rich." With quotes from Alan Greenspan, Al Gore, Bernie Ebbers, Larry King, and more, Bull! provides a humorously outrageous look at the bubble that many swore could never burst. "The stock market, as best as I can judge, is high. It's not that there is a bubble in there." -Alan GreenspanWe rate this book a Strong Buy. o "We're going to reach the point where stocks are correctly priced, and we think that's 36,000." -James Glassman, best-selling authoro "Not even Greenspan can stop the Internet economy." -Larry Kudlow, economisto "Our techs are all overvalued but that's not a factor right now." -Jim Cramer, CNBCThrough the 1990s, stocks went up for so long that millions started to believe the pundits who predicted they would climb forever. The market was heralded as a magic get-rich-quick scheme-and its stars were the breathless financial reporters, analysts, politicians, and CEOs who urged Americans to buy, buy, buy and hold, hold, hold. But trees don't grow to the sky and as the market plummets by frequent and lasting double-digit drops, these stars no longer seem as bright. In retrospect, some seem downright stupid. Authors Greg Eckler and L. M. Mac Donald use their wry perspective to profile them all, reminding us that there was a whole team of "experts" encouraging us to rip up our savings while the rich got "super rich." With quotes from Alan Greenspan, Al Gore, Bernie Ebbers, Larry King, and more, Bull! provides a humorously outrageous look at the bubble that many swore could never burst. "The stock market, as best as I can judge, is high. It's not that there is a bubble in there." -Alan GreenspanWe rate this book a Strong Buy.

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About the Author:

Greg Eckler began his 14-year comedy career at YukYuks, along with Jim Carrey, Norm Macdonald, and Howie Mandel. He has written for Mad magazine and numerous Canadian television shows. Greg lives with his wife and daughter in Toronto. L. M. Mac Donald is a New York writer and producer who works in television and film. She is also the coauthor of Kay Darling. The authors previously worked together on the talk show Open Mike with Mike Bullard and cowrote Open Book: Little Thought from a Big Head, which sold 25,000 hardcover copies

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