Experts Weigh In As Dow Soars Above 10,000

Wall Street brings us good news.

The Market's best known indicator climbs above 10 thousand for the first time in over a year and closed there.

The experts say this showing from the Dow Jones Industrial Average is a positive sign for the economy and your investments.

The bell ends a winning day on wall street as the Dow Jones Industrial Average soars above 10 thousand for the first time in a year.

Jim Stewart, Edward Jones, "It's a psychological barometer or a psychological measurement that investors sometimes use to feel good about where they are today and where the future might be in the market."

The experts say for now the future's looking pretty good...much better than earlier this year.

Ray Ryan, Patten and Patten Certified Financial Analyst, "Just seven months ago it felt like financial armageddon the banks were close to being nationalized there's all this concern about the automakers. What we can say definitively at this point is that the crisis is behind us and we don't need to remain in bunker mentality."

UTC Economics Professor Dr. Bruce Hutchinson agrees it's a good sign we're headed in the right direction, but says it's too early to tell if the recession is over.

Dr. Bruce Hutchinson, UTC Economics Dept, "I don't think it's absolutely the case that we're necessarily in the recovery stage."

With 401Ks and other investments inching up, people we spoke with remain cautiously optimistic as they watch unemployment.

Tom Kuhnert, "I feel like we're on the right track and we're going to rebound but I still feel like i said I know a bunch of people personally that are having difficult times finding jobs right now."

Shane Beasley, "Things are going better than they have been I feel good about that. I would feel more comfortable about the recovery if the unemployment rate was going down."

The experts we spoke with all say this shows it's best to ride out the rough spots and stay in the market long term.