A Rapid Recovery From Collapse, but Traders Voice Doubt About Bull’s Staying Power
BY E.S. BROWNING
The Dow Jones Industrial Average surged to 10015.86, passing the symbolic 10000 level much faster than expected and racking up a 53% gain in just seven months.Wednesday’s trading marked the first time the Dow touched 10000 since October last year, when markets
were unraveling after the collapse of Lehman Brothers Holdings. As recently as March 9, the Dow was at 6547.05.
Reaction this time was more muted than the first time the Dow closed above the 10000 mark, on March 29, 1999, when traders popped Champagne and passed around “Dow 10000″ baseball
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