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Stock Market Hits High Note (Again)

Thursday, October 5, 2006 at 9:00 am
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It's been seven years since the Dow Jones Industrial Average reached the stratospheric levels where it closed this past Wednesday. And across the business world, there is jubilation. Or is there? Local financial experts are divided over what these numbers mean to investors. Should we credit the high-tech boom? Or is the jump due to falling oil costs? The bottom line is that the Dow is only a 30-stock index, so why the euphoria? We'll gather several experts from the area to talk stocks and bonds, and dollars and sense.


Shawn Turner, Crain's Cleveland Business Finance and Legal reporter; Joseph Haubrich, Senior researcher and economist, Federal Reserve Bank of Cleveland; Ivan Gelfand, investment manager