The Dow Jones Industrial Index hit a record high in October by crossing over the 12,000 threshold, yet investors are not wildly celebrating. Part of the reason is that the Dow does not denote the “stock market,” since the thirty stocks comprising the index are not fully representative of the entire market. For example, the broader S&P 500 Index reached a high of over 1,527 in March 2000 and currently stands at only 1,377. More discouraging, the current NASDAQ Index for smaller, over-the-counter stocks is at 2,350, less than one half of its record of 5,048 also set in March 2000. These broader indexes clearly suggest that many investors retain bitter memories of the bursting stock market bubble and indicate that the markets have a long way to go before recouping their realized losses.