Yes as long as there isn't a second leg down. We probably won't reach 14,200(Oct 2007 peak) till 2012 or 2013, though. The rise will be slow because its likely if the economy does continue to recover that the Fed will start hiking rates around June 2010 and they could go up a full percentage point or more to 1.75% at the most by the end of the year depending on the strength of the recovery. Historically that is very low, but its more then enough to dampen stocks and commodities as investors add treasuries to their portfolios to diversify(a typical response to a rate hike)
