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September 22, 2009
Many experts see the Dow breaking the 10,000 mark in the coming days or weeks. When the index passes that milestone, will it be a psychological victory or an actual indicator of real change in the markets?
In her most recent bulletin in late August, analyst Amanda Crumb of Birinyi Associates says the Dow will see 10,000 any day now. She believes the five-digit number will lift the spirits of some investors who have been afraid to reinvest in the markets. Says Crumb: "The stocks have been gaining for a while, and the stock market is telling you that the recession is over. . . . People aren't giving the market enough credit right now. It's strong."
U.S. News also caught up with two economists whose bold predictions a few months ago don't seem so outrageous anymore.