The Dow Jones Industrial Average kept shattering historic highs last week, climbing first to 11,727.34 on Tuesday, then to 11,850 Wednesday, but that's nothing compared to what it could do next year, said fund-of-funds manager Curtis Teberg of the Teberg Fund of Duluth, Minn. In fact, it's poised to climb as high as 16,000 by next December, he said.

No, it's not another case of "irrational exuberance," he said.

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