Market peak means party time. Menlo Park resident Doug McGee, a Senior

Vice President at Wachovia Securities in Palo Alto, hosted his 12th

champagne and cake party to celebrate this event. McGee has hosted a

celebration each time in the past 34 years that the DJIA has broken a

1,000 point level. He is a self-described historian of the Dow Jones

milestones and keeps a scrapbook of articles noting the market's climb

to its present high.

McGee says it has taken 7 1/2 years since the Dow closed over 11,000 on

May 3, 1999. He also recalled that it took less than a month in 1999

for the Dow to move from 10,000 to 11,000. It has been over 19 years

since "Black Monday" on October 19, 1987, when the DJIA declined over

500 points, the largest one-day point drop in history up to that point.

Approximately 40 guests enjoyed the festivities in the Wachovia

Securities office and each anticipates the next celebration when the

Dow will break 13,000. How long will it take?