VOICES

“It’s a moment to uncork the champagne and celebrate what a truly phenomenal bull market this has been.”

Hugh Johnson

Market Strategist at First Albany

*

“The stock exchange had nothing to do with Dow 10,000. It had to do with the huge number of participants in the marketplace. I want to send thank-yous to the 70 million Americans who participate directly in equities and another 130 million who participate indirectly.”

Richard Grasso

New York Stock Exchange chairman

*

“It’s another ‘Merger Monday,’ and that’s definitely put a bid into some sectors.”

John Olesky

head trader at Morgan Stanley Dean Witter

*

“Every Monday we get deals, and deals are very helpful, but there’s still an overlay about the Balkans and there is still some uncertainty over the Fed meeting. It’s going to continue this way for a couple of weeks until we get a message about earnings.”

Larry Wachtel

analyst at Prudential Securities

*

“There is quite a bit of resilience and quite a bit of firepower being put to work here today. It seems as though everything is participating.”

Ken Gehl

senior vice president for equity marketing at Everen Securities

*

“The market certainly looks pretty strong on a broad basis.”

Ned Collins

a trader at Daiwa Securities America

*

“It certainly appears there’s more consolidation to come. Oil has been slammed for the last year and a half, and I think these are good buys.”

David Dreman

president of Dreman Value Management

*

“I’ve been an investor during every thousand-point mark the Dow has reached. These milestones make great headlines for a day, but it is the return on investment over a lifetime that people should focus on.”

Charles R. Schwab

chairman, Charles Schwab & Co.

*

“I’m ecstatic and dancing in the aisles. The way in which we passed 10,000 is just as significant as the fact we did it.”

Charles Crane

chief investment strategist at Key Asset Management