Dow crosses 13,000 for the first time since 2008

Today signaled a significant milestone in our countries revival from the crises which has overwhelmed our economy for the past four years--says the Washington Post, " The Dow Jones industrial average crossed 13,000 on Tuesday for the first time since May 2008, when the Lehman Brothers investment bank was solvent, unemployment a healthy 5.4 percent and the worst of the Great Recession months ahead." The article goes on to expound on the psychological impact which this number could have, encouraging more cautious investors to place some trust back in the market and removing some fears that the market will fall back again. John Manley, Chief Equity Strategist for Wells Fargo's funds group, compares it to turning 50: " “Is 50 older than 49 and a half? Yes, by six months. Do those six months really make a difference? Probably not. But it does give us a fixed point, something we can look at.” This is a significant milestone for the stock market, and exemplifies the bounce back which it has experienced from the great recession.

Source: http://www.washingtonpost.com/national/us-stock-futures-advance-after-europe-puts-together-deal-for-greek-bailout-dow-nears-13000/2012/02/21/gIQArDW4QR_story.html