DOW: Back to 11,000

Dow closes above 11,000 for first time since ’08

Excerpt:

The Dow Jones industrial average has closed above 11,000 for the first time in a year and a half on investors' rising hopes about the economy.

The Dow edged up about 9 points Monday to almost 11,006. The Standard & Poor's 500 index came within a point of hitting its own milestone of 1,200 during trading but closed just short of that mark.

Comment: My take is that there is some irrational exuberance in the investment community!

Wall Street Journal graphic