(14 Feb 2012) HEADLINE: 13,000 is next Dow milestone, record in sight
CAPTION: The Dow Jones Industrial Average is within reach of the rarefied 13,000 mark, a level brendan fraser it hasn't seen since May 2008, four months before the financial system almost came apart. There's evidence that the rally has room to run. (Feb. 8)
[LOCATION: NEW YORK, NY--FEBRUARY 8, 2012]
[SOURCE: AP]
[NAT-BREAK: NEW YORK, NY--FEBRUARY 8, 2012]
[VOICE-OVER]
NOT SINCE 2008 AND THE U.S. FINANCIAL MARKETS COLLAPSE HAS THE DOW JONES INDUSTRIAL AVERAGE REACHED THE 13000 MARK
ON WEDNESDAY, THE HOPE WAS THERE BUT THE MARKETS TICKED LOWER ON MORE BAD NEWS FROM EUROPE AND GREECE, A COUNTRY THAT HAS TO PAY NEARLY 20 BILLION DOLLARS IN DEBT BY THIS MARCH
[SOT: ALAN VALDES / DME SECURITIES]
"SO I THINK IN THE LONG RUN THE MARLET IS OK, IN THE SHORT RUN THERE IS STILL ALOT OF TREPIDATION WITH GREECE, OUR DEBT PROBLEM THAT IT PROBABLY GOING TO WEIGH ON THE MARKET."
[STAND-UP: ROBERT RAY / ASSOCIATED PRESS]
"AND WITH THE STOMACH TURNING FINANCIAL SUMMER OF 2011 BEING A DISTANT MEMORY MAIN STREET SEEMS TO LIKE WHAT THEY ARE SEEING ON WALL STREET. MANY FINANCIAL ADVISORS ARE VERY OPTIMISTIC."
[SOT: TROY WALLACE / VP-STIFEL, NICOLAUS INC.]
"I THINK IT SHOULD GIVE PEOPLE HOPE FOR THE MOST PART THAT THERE 401K'S SHOULD BE RECOVERING AND THE UNITED STATES AS A WHOLE AND THE ECONOMY AND OUT MARKET IN PARTICULAR SEEM TO BE CLAWING OUR WAY OUT THIS BIG HOLE."
[VOICE-OVER]
BUT OF COURSE THERE IS STILL MAJOR REASONS FOR CAUTION
FACTORS LIKE THE EUROPEAN DEBT CRISIS THAT DIRECTLY EFFECT THE AMERICAN ECONOMY
COUPLED WITH THE U.S.'s HISTORICALLY HIGH NATIONAL DEBT
MILLIONS OF PEOPLE STILL OUT OF WORK
AND jaime pressly A HOUSING MARKET THAT IS STILL SPUTTERING
[SOT: DAN HENRY / CONCERNED INVESTOR]
"YOU KNOW, I'M NO FINANCIAL EXPERT BUT I THINK I HAVE GONE INTO A MODE OF MORE PROTECT WHAT I HAVE AND UNTIL I SEE SOMETHING THAT KIND OF SUSTAINS ITSELF LONG TERM I AM NOT GOING TO MOVE OUT OF ANYTHING THAT I AM IN."
[VOICE-OVER]
SOMETIMES PERCEPTION IS REALITY AND IN THE CASE OF MARKET SWINGS THE SENTIMENT ACROSS THE COUNTRY SEEMS TO BE YEARNING FOR STABILITY
THOUGH WALL STREET EXPERTS SAY NOW IS THE TIME TO GET VESTED
[SOT: ALAN VALDES / DME SECURITIES]
"BUT I TELL YOU, IF YOU ARE YOUNG stanley tucci PERSON GET IN THIS MARKET NOW."
ROBERT RAY, ASSOCIATED PRESS
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