Dow Jones Industrial Average Hits a Record High

Wall Street still finds reason to rally despite high unemployment.
1:08 | 03/06/13

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Transcript for Dow Jones Industrial Average Hits a Record High
So, george, amy, we'll talk about it all day. None w to the surging market. The dow well above 14,000. Our weekend co-anchor bianna golodryga watching it all. This new record set off a hot debate among market experts. Is it time for the small investor to get in or out. A lot are asking that. What a day we saw on wall street tuesday. Let's look at what the dow did closing at 14,253. Now nearly doubling the all-time low that we saw back in 2009. So let's go over what's behind the rally. Of course, we were talking about the housing market recovering. That's having ripple effects tore a lot of other sectors. Interest rates are near record lows, the federal reserve keeps pumping money into the economy and corporate profits are high. So the big question a lot of people want to know is there a new bubble we're seeing? Here's the last one we saw. How the stock market tanked from 2009 to -- 2007 to 2009 so are we seeing that again? Corporate profits at an all-time high. Not necessarily in a bubble, george, because think about it, they were cutting costs, cutting jobs, unfortunately, but as far as the overall economy only talking about 30 stocks when it comes to the dow. These are global stocks, george, not really reflective of the overall economy here at home. Okay, bianna, thanks very much.

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