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.