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Forget Dow 13,000; real story is Wilshire 5000
http://blogs.marketwatch.com/thetell/2012/02/21/forget-dow-13000-real-story-is-wilshire-5000/All eyes this morning have been focused on the psychologically important levels on the Dow Jones Industrial Average DJIA +0.31% (13,000) and the NASDAQ Composite COMP +0.25% (3,000).
Read more on U.S. stocks.
But that focus has diverted our attention from an even bigger story with far more investment significance: The huge 2007-2009 bear market is on the verge of being completely overcome.
Yes, you read that right.
Consider the Wilshire 5000 w500 XX:W5000 +0.23% index, which reflects the combined value of all publicly-traded stocks in the U.S. Taking dividends into account, this benchmark is now just 1.7% below its all-time high set on Oct. 9, 2007. That means that just a day or two of strong market action would push the market into record high territory.