SEPTEMBER 1999 | Volume 284 No. 3
Dow 36,000

Wall Street experts warn that stocks in today's market are greatly overvalued and that investors are caught up in an "insane euphoria." Those experts are wrong, the authors say. They present a theory that explains the spectacular rise in stock prices over the past two decades. And, the authors contend, stocks are in the midst of a rise to even higher ground.

by James K. Glassman and Kevin A. Hassett

seahorse picture Lincoln's Greatest Speech?

It contains only 703 words, but Abraham Lincoln's Second Inaugural Address performed an extraordinary political function -- reconciling America to the irreconcilable.

by Garry Wills

  • Web-Only: Rhetoric of Freedom
    Atlantic articles by Emerson and Frederick Douglass comment on Lincoln's greatest decision, and his greatest legacy.

  • Schooling the Imagination

    Waldorf schools, which combine a multisensory approach to learning with a strong emphasis on ethics, may be the world's "best-kept education secret."

    by Todd Oppenheimer

    Notes & Comment:
    Told You So

    Everyone has noticed the proliferation of warning labels. But could it be that they don't go far enough?
    by Cullen Murphy

    Foreign Affairs:
    China's Wild West

    Xinjiang -- where natural resources and ethnic hatred are plentiful -- is a laboratory for the new world disorder. Its troubles don't derive entirely from Chinese rule, our correspondent writes. "History and geography have slighted the region."
    by Jeffrey Tayler

    Humor, Fiction & Poetry

    seahorse picture Man Listening to Disc
    A poem
    by Billy Collins

    seahorse picture Wind From a Waterfall
    A poem
    by Robert Morgan

    Basil the Dog
    A short story
    by Frances Sherwood

    A drawing
    by Guy Billout

    The seahorse symbol indicates that an article is supplemented with audio, an author interview, or other Web-only sidebar.

    Browse and search The Atlantic's online archive.

    Arts & Leisure

    The Stuff of Myths

    Cyprus usually figures in the news as a locus of low-grade international tension. With its compact size, its rich history, its breezy beaches, and its splendid cuisine, it may be the perfect classroom in which to become an accomplished tourist.
    by Gene Burns

    We Want Magic

    New productions of old operas are far likelier than productions of newly written ones to give operagoers that feeling of bliss they seek.
    by David Schiff


    The Mystique of Betty Friedan
    Looking back at the foundations of Friedan's theory.
    by Alan Wolfe

    Brief Reviews
    by Phoebe-Lou Adams

    Other Departments

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    The September Almanac

    The Puzzler
    by Emily Cox & Henry Rathvon

    Word Court
    by Barbara Wallraff

    All material copyright © 1999 by The Atlantic Monthly Company. All rights reserved.
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