I didn't say we closed above the all-time high, we need to pass the mark before we can close at it...
I would like to see this psychological barrier passed. And maybe we'll close above 11,723 today or tomorrow. Considering all we've been through since 2000, this would be a nice achievement. I see 13,500-14,000 by the end of next year assuming we hold Congress.
I hope you're right. I'm a little worried about the U.S. Treasury spread. It had been showing an inverted yield curve, which points to a recession. Maybe it will hold off until December, 2008 ;)