In truth, it\u2019s hard to take the movements of the Dow too seriously. The Dow is a benchmark that tracks the fortunes of just 30 stocks, so limited it can\u2019t possible represent the entire market, let alone the economy.<\/font><\/p>\n But people watch it. There is no denying Dow 10,000 resonates, at some level, with investors around the world, and that matters.<\/font><\/p>\n \u201cI think it\u2019s a pretty big deal,\u2019\u2019 says Bob Reynolds, the chief executive of Putnam Investments. \u201cThe market is up over 50 percent. A milestone like this will attract more people and that has a way of feeding on itself. I think it\u2019s big for the market.\u2019\u2019<\/font><\/p>\n Maybe. But the really big investment story of 2009 is the continued strength of a broader stock market rally that, as Reynolds points out, has pushed prices more than 50 percent higher since the darkest day of early March. Just when skeptics warn stock values have gotten too far ahead of the economic recovery, the market moved higher. Dow 10,000 is an exclamation point to that rally\u2026<\/font><\/p>\n<\/blockquote>\n Inserted from <Boston Globe<\/a>><\/p>\n The resurgence of Wall Street is a good indicator that the attempts by the Obama administration to undo the damage left by Bush and the GOP are beginning to work. Unfortunately, that success that Wall Street enjoys id not yet visible on Main Street. I urge patience, because in any economic recovery, employment is the last thing to recover. Nevertheless, this is a clear indication that the time to concentrate on fixing Wall Street is now past, and efforts to fix Main Street need to move to the top of the list.<\/p>\n","protected":false},"excerpt":{"rendered":" This is certainly good news. The Dow Jones industrial average climbed back over the 10,000 mark yesterday, rallying 144.8 points to 10,015.86. It was the first time in a year the Dow cracked 10,000, a number first eclipsed during the go-go days of 1999. In truth, it\u2019s hard to take the movements of the Dow […]<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-135","post","type-post","status-publish","format-standard","hentry","category-politics","category-5-id","post-seq-1","post-parity-odd","meta-position-corners","fix"],"_links":{"self":[{"href":"https:\/\/www.politicsplus.org\/blog\/wp-json\/wp\/v2\/posts\/135","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.politicsplus.org\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.politicsplus.org\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.politicsplus.org\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.politicsplus.org\/blog\/wp-json\/wp\/v2\/comments?post=135"}],"version-history":[{"count":0,"href":"https:\/\/www.politicsplus.org\/blog\/wp-json\/wp\/v2\/posts\/135\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.politicsplus.org\/blog\/wp-json\/wp\/v2\/media?parent=135"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.politicsplus.org\/blog\/wp-json\/wp\/v2\/categories?post=135"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.politicsplus.org\/blog\/wp-json\/wp\/v2\/tags?post=135"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"stock](\"http:\/\/s217.photobucket.com\/albums\/cc83\/TomCat1948or2\/Blog%202009\/TheDowat10000_1877\/stockmarket.jpg\" "\\"stock")
<\/a> The Dow Jones industrial average climbed back over the 10,000 mark yesterday, rallying 144.8 points to 10,015.86. It was the first time in a year the Dow cracked 10,000, a number first eclipsed during the go-go days of 1999.<\/font><\/p>\n