It's the economy stupid?:

The Dow is now slightly more than 1,000 points away from its all-time high close of 11,722.98, reached on Jan. 14, 2000.
The broader gauges were also higher. Negative for much of the day, the Nasdaq composite index closed up 29.96, or 1.4 percent, at 2,153.83, after last week's 0.8 percent decline ended a six-week winning streak. The tech-heavy Nasdaq last closed higher on June 29, 2001, at 2,160.54.

The Standard & Poor's 500 index closed up 13.82, or 1.2 percent, at 1,155.37, following a weekly rise of 0.1 percent - its ninth consecutive week of advances. It was the S&P 500's highest close since March 19, 2002, when it finished at 1,170.29.

Emphasis mine. I think the Dow will reach 12,000 this year, probably right around election time.

And this little gem:

Separately Monday, the National Association of Realtors reported that sales of previously owned homes reached a new record high last year, largely fueled by attractive mortgage rages.

More people owning homes that are bigger and nicer for the price because of interest rates. Hmm, this'll surely help Bush.