Stocks opened in positive territory on this first day of the third quarter. Jim Tausz, a financial advisor in Clarion, says the second quarter, which ended June 30th, proved to be a period of optimism for the market. "We needed this quarter, we needed a quarter to get confidence back into the marketplace and I think we’ve got it," Tausz says.
"We’re seeing credit flowing to the banks, we’re seeing a lot of good statistics starting to emerge and the last thing to effectively will do well is going to be the unemployment numbers." Tausz predicts the market will continue its upward trek in the next three months, for a moderate third quarter.
"Moderate is good, considering what we’ve experienced," he says. "Moderate means that we could be somewhat positive but I don’t think it’s going to be a fantastic ride up. I don’t think we’ll see that — yet." Tausz predicts there will be better prices on stocks and bonds, in addition to a strengthening of the real estate market, with an improved employment picture by year’s end.