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Wednesday, April 7, 2010 as of 11:14 AM ET

Harris Bank

BMO Harris Bank, N.A. is a Chicago-based bank.

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Dow's Latest Milestone May Lure Retail Investors

The last time the blue chips traded above the 13000 level before Tuesday, Hillary Clinton and Barack Obama were locked in a heated primary war, doomed investment bank Lehman Brothers was still solvent and Apple (NASDAQ:AAPL) traded at just $132 a share.

 While Wall Street still faces a number of hurdles, including Europe’s debt mess and Iran’s saber-rattling, it seems likely that the Dow’s ability to surpass this threshold will further boost market confidence and simultaneously lure at least some retail investors back into the markets.“Dow 13000 is one of those headlines that definitely confirms people’s hopes. It does have a way of drawing enthusiasm into the market, in spite of valuation,” said Peter Kenny, managing director at Knight Capital. “Dow 13000 will improve market sentiment in and of itself.”Tuesday’s milestone builds on an already strong start to 2012 and leaves the benchmark index up nearly 100% from its 12-year low close of 6547.05 in March 2009. The last time the Dow clo...

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    Harris Private Bank CIO Jack Ablin argues we need to add incentives to create more jobs.

  3. Primary Results: November Outlook

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  4. A Cheap Market?

    Ablin on market visibility & volatility.

  1. Another U.S. Downgrade Unlikely, For Now

    The bipartisan debt Supercommittee is expected to announce Monday that after three months it has hit gridlock on finding spending cuts to bring down a record federal...

  2. Gift Card Survey 2011: E-gift Cards Take Center Stage

    Though the economy may be struggling, a CreditCards.com/Bankrate.com survey of gift card issuers shows that the gift card industry continues to innovate, with digita...

  3. Where Should You Invest Today?

    Jack Ablin, Harris Bank CIO, on Ben Bernanke's announcement today and where people should invest in these volatile markets.

  4. Double-Dip Fears Ratchet Higher; Economists Fret Self-Fulfilling Prophecy

    If Las Vegas is taking bets on the chances the U.S. will succumb to another recession, it’s likely new data released on Thursday would tilt the odds more in favor of...

  5. Market Reaction to Euro Debt, Oil

    Jack Ablin, CIO of Harris Private Bank, weighs in on how the European debt crisis and oil prices are affecting the market.

  6. Initial Jobless Claims Make Unexpected Jump

    Harris Private Bank CIO Jack Ablin on what the setback for the job market recovery will mean for the economy and markets.

  7. Gift cards 2010: More consumer-friendly

    As a changing gift card industry offers new incentives and protections for consumers, a CreditCards.com/Bankrate.com survey of card issuers shows that some cards del...

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