The Dow gained another 47 points, to 10,733, the seventh straight up day. But the more interesting news was that all the Wall Street indexes hit their highest levels in 17 months. From the NYT:

"There really isn't a reason to sell here," said William J. Schultz, chief investment officer for McQueen, Ball & Associates. "You're not seeing robust outright buying but you are seeing some nibbling. There is a growing sense that it's time to commit a little more to the market."

Perhaps, but with the Dow slowly approaching 11,000 (the all-time closing high was 14,164) you'll also hear plenty of doubters (including yours truly) who suggest that the stock market does not reflect the more somber economic reality. But if not the economy, what then?