Kevin Hassett – Wikipedia

Hassett is coauthor with James K. Glassman of Dow 36,000: The New Strategy for Profiting from the Coming Rise in the Stock Market. It was published in 1999 before the dot-com bubble burst. The book’s title was based on a calculation that, in the absence of the equity premium, stock prices would be approximately four times as high as they actually were. In its introduction, Glassman and Hassett wrote that the book “will convince you of the single most important fact about stocks at the dawn of the twenty-first century: They are cheap… If you are worried about missing the market’s big move upward, you will discover that it is not too late. Stocks are now in the midst of a one-time-only rise to much higher ground to the neighborhood of 36,000 on the Dow Jones industrial average.”^[13] The Dow Jones Industrial Average closed at 10,273.00 on the day of the book’s publication on October 1, 1999,^[14] peaked at 11,722.98 105 days later,^[15] then declined 37.8% through October 9, 2002.^[16]

via en.wikipedia.org

Hasset is currently Chairman of President Trump’s CEA. He has just stated there is little danger of a Great Depression and that stocks will make big comeback in the second half of 2020.