Seems Dow 10000 is far away, according to
http://finance.yahoo.com/news/Why-Dow-10000-Will-Remain-etfguide-3642016142.html?x=0
I was surprised that Indian markets touched 17K.Better to take profits if the markets keep going up without any rhyme or reason.I think the amount of quantitative easing done by various governments are the reason behind this rally.Since, the interest rates are very low in usa, the money cannot be kept in us banks earning less interest rates.They will go into some things like equities or real estate causing another bubble.
My guess is world markets will keep swinging between certain range for next 5 years.It will not touch new highs or break new lows.
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