Dow Jones edges over 10,000

Dow Jones industrial average tops 10,000 again

The Dow is up a spectacular 53 percent from the 12-year low it reached in March, but it must rise 41 percent from its current level just to match its October 2007 record high.

The psychology of round numbers may have some influence on conditions, but everything I've read says we're not nearly out of the woods yet. Still, it's an encouraging sign.