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Update at 4:09 p.m. ET. A New Record:

The Dow Industrials finished in record territory today. Gaining 89 points, it closed at 14,253.77, its highest level since Oct. 9,2007.

That is, the Dow has recovered all the losses it suffered during the Great Recession.

"It really does represent an achievement that we have climbed out of this crater," Jack Ablin, chief investment officer at Chicago's BMO Private Bank, told The Wall Street Journal.

Before you take too much joy out of this, we'll point you to our friends at the Planet Money blog.

Jacob Goldstein writes that if you adjust for inflation, this isn't really a record "in any meaningful sense."

"It would need to rise another 10 percent or so to hit an all time high in real (i.e. inflation-adjusted) terms," Jacob writes.

Our Original Post Continues:

The number to keep an eye on today:

14,264.53.

^DJI data by YCharts

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