While some investors may be worried about oil derailing the rally, two pros told CNBC on Thursday they expect the Dow Jones industrial average to break 18,000 soon, and go even higher.
"The overriding thing driving this market up and the reason it will break 18,000 is not the oil patch, it is the Fed patch. It's the $4.5 trillion that they jammed into the economy that's pushing every asset price higher almost every day," John Rutledge, chief investment strategist at Safanad, said in an interview with "Street Signs."
However, falling oil, even sustained prices in the high $60s, low $70s, will help fuel the rally, Sandy Villere, co-portfolio manager at Villere & Co., said, because it will keep inflation low.
"Janet Yellen said we're going to keep rates low for a long time, until we meet that 2 percent target. So as long as inflation's beneath that, that means rates are going to be low and that is going to buoy the markets and continue it through 18,000 and above," he said.