- CBN News Financial Editor Drew Parkhill

is here to tell us what it means.

Through.

- Well, I'll tell you Pat,

yesterday's rally wasdifferent from last week.

Last week the market shot up

when Pfizer's vaccine was announced.

Yesterday, it went up as well too,

but there was a difference yesterday.

Last week, the NASDAQ Stocks stalled off.

The Technology stocks Apple,Microsoft, and so forth.

They went down.

But yesterday,

let's look at the stock market indexes.

Because they did much better.

The Dow, 29,950 just shortof 30,000 like you mentioned,

a record close.

A record close for the S&P 500.

The NASDAQ did not set a record,

but it's just under its record

it had a good day yesterday.

And Pat, I know you follow small stocks,

the Russell 2000 there're at the bottom.

That's the index of small stocks.

It also set a record high.

That's 2000 small stocksthat combined in this index,

and what that shows you,

the combination of allthose various indexes

what that shows you Pat,

is that this is very broad based.

This isn't just a few stocks going up,

certain select areas likewhat we saw last week,

I mean, the've so-called value stocks

and the travel and leisure stocks.

It was across the board this time.

So that's very good.

- Just go back 10 yearsquit at the Dell started

at the beginning of thisdecade and where it is now.

- Okay The Dell bottomPat in March of 2009,

right around 6,500, itwas just under 6,500

at the bottom of March in 2009,

then it started taking off okay.

So we are up from 6,500 at the bottom,

to very close to 30,000 now.

This is basically what I expected.

In fact, that time I had my eye on 30,000

since from around 10 years,

I knew that this was gonnabe a very important level.

And the reason I say that

is that there may besome long-term assistance

at this level, we don't know yet.

We'll see, we had a massive,

we had basically a bear market in a month,

from late February to lateMarch early this year.

Maybe that washed out the excesses

and maybe we'll go straight upfrom here, we'll have to see.

But longer term,

regardless of the next fewmonths or few years longer term,

we are going much, much higher.

- Yeah, well you, you'retalking about tripling

where are we from now?

So it's already triplednow it's gonna triple again

you think in the next year.

- It's more than triple,it's more than triple.

- More than triple.- More than triple yeah.

- It's about, well, atriple and a third, okay.

So we're going to 150,000,

which would be five timesthe level where we are now.

- Well, I guess so.

- That's not gonna happen overnight Pat.

You know it's gonna take 20, 25 years

but if this is a normal bold market,

we'll go to a little over150,000 before this is over.

- Well I hope you're right.

And we live to see it, so

(laughing)

hold on to your stock,ladies and gentlemen,

and load up, I guess that's it.

- Yeah boy, about 25 years down the road.

- Yeah, well we'll all say goodbye.

I think but it's time for me

to check out of this placeby 25 years from now,

but it's nice to leavesomething to your children.