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You are here: Home / Business / Financial planner says Wall Street looks strong

Financial planner says Wall Street looks strong

January 10, 2006 By admin

The recovery continues on Wall Street after the Dow Jones industrial average closed Monday above 11-thousand for the first time in four years. Jim Tausz is a financial planner with the Bradford Financial Center in Clarion. Tausz says the lights are all green.

Tausz says we’re seeing a “real psychological lift” as 11-thousand was a line that needed to be crossed. He says if January continues to come on strong, 2006 will be a very good year for the markets. He attributes the market movements to the rising gross national product and the many jobs being created. Tausz predicts solid numbers will be posted -not- just today but for the entire month, and likely much longer.

He says markets go up and down but he looks for a strong market ahead, calling this a great start to the year that will hopefully conclude with a good finish. The last time the Dow closed above 11-thousand was in June of 2001, three months before the attacks of Nine Eleven.

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