An Iowa financial advisor is looking back on a sterling week for Wall Street, with massive gains in the Dow Jones industrial average, for starters, topping off at its best levels in a year-and-a-half. Jim Tausz, of Clarion, says the economy is clearly rebounding.
Tausz says it was just announced we have no inflation and there’s no inflation even on the horizon while interest rates, after a brief increase last week, fell to new lows. He predicts better times are head for the marketplace.
Ten-year treasury bonds have fallen, which means everyone who has a mortgage or uses a credit card to see lower rates, while the Dow Jones has risen above 11,000, its first time at that level in 18 months. Tausz is predicting the upward trend will continue but he recommends wise Iowa investors plan for anything.
He says, “You need to be in a position where you can invest in things that, if we do have a little inflation that starts rearing its ugly head, or you start seeing interest rates rise a little bit, you’re in investments that will react to that in a positive way.” Some more solid investments Tausz recommends are in commodities, like gold, silver and copper.
By Pat Powers, KQWC, Webster City