ray

Last time I mentioned the 10,000 mark someone told me to not mention it or we'd jinx the market. So don't mention it you punk!

Back on topic, it was more a psychological thing than anything else for the Dow to break that 10,000 mark. Everyone's been patiently waiting for the DJIA to rise above that plateau and now that it's spent a good day up there let's hope that it remains above the mark. Let's shoot for 20,000 now!!!

cheapchinese

how about 12,000, 20k is going to be a long time from now.

Alot more people believe this time its here to stay than last may. goody for american economy.... hopefully my tuition becomes cheaper when state gov has more funding comming in.

ray

Aww come on, we can hit 20,000 no problem. We just need another huge dot-com bubble! Then 1 year after the rise, it will pop and we'll drop back down to 10K

Yes i know that 20,000 is unrealistic, but why not set high goals for the economy. We've got high goals for everything else (habitation on the moon, life on Mars, governators, jay-z/puffy shopping for basketball teams).

Chgoman

If you take historical norms, to reach and sustain 20K, you're probably looking at 6-9 years from now. Unless you think we can sustain above 10% annual returns for a long time, that's the time frame.

cheapchinese

how long did it take us from 0 - 10 k btw???