Title: Investors breathing sigh of relief

" I'll let -- doubt dances in the 10000 territory blue chips up. Almost 145. Points today 10015. The close last time the Dow closed that or October of 2000."

" Every down to 4000 points since March when the market bottomed out so what does this all mean for the state of the US economy NEC and Scott Young active and Boston's financial district with our top story tonight Scott."

" Well -- and RD the evidence was on the big board today and also on the banner behind me. It's amazing it's just an arbitrary number that 10000 number it doesn't really mean all that much investors will tell you but at the same time they seem to be -- Well they're also cautious."

" Okay."

" It's the moment they've been waiting for the Dow above 10000 for the first time in more than a year. We're very happy but what we've seen investors are feeling like we are moving in the right direction to economic recovery. But does a recovery mean a strong economy don't make the complete. Really showcase of the economy to the down the boost on Wall Street however does have investors reading a nervous I've relief. Michaels and Boston advisors of course sees the growth is good but thinks it may be a plateau."

" Is it time for the market to take a rest and in our best guess is yes. We think it's we think it's probably in the pullback awhile. Doesn't mean it's bad but it just says we've come a long way from about. You go back to a march ninth of this year is around 6300 so it's got 53%. Since March which is you know a phenomenal performance."

" It's Peter -- of Babson college and author of you can order change is cautious too. While he is happy to see that Dow's surge over 10000 he worries about the overall economy. Despite the fact that chipmaker Intel beat analysts' prediction to one of the country's biggest banks JPMorgan reported more than three and a half billion in profits. The Wall Street rally has yet to impact main street the job. He's still stuff. Which means you're gonna have more unemployed people which means you're gonna have. Fewer people who can afford to spend more money to boost the economy. Which will mean the cycle just begins all over again there are also worries about how the bail outs will affect the future. -- the federal government. Agencies that are involved in the economy to a level we've never seen. Could -- tangle themselves from the government. From from the cut the private sector to how we how we -- back out of this thing. Beyond that Boston advisors for one he's firm telling its clients to remain cautious that's done did not chase this market -- people worried about that people. People are starting to get auto in this an illness that they're gonna they're gonna come along too fast and now's not the time -- throw a lot of money the stock market himself a little comment that you buy low prices."

" Now obviously the question is what next advisers are saying. It's what happens overnight frankly the overseas markets and then when the Dow opens on Thursday morning to see what direction things that. And in the broader sense Scott what signs are analysts looking forward to indicate a real economic turnaround. All the real economic turnaround they all think is -- jobs issue got fifteen million people more than that unemployed in the United States right now there's the issue of jobs going overseas they really think that. Investment in new companies or expanding companies are providing new jobs are what we will really turn around the economy because that of course. Will cause people consumers to spend. Scott -- and Boston's financial district Abbas."