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Local News

Record October for Wall Street


A Bend financial advisor says we are on the verge of having a historic month on Wall Street. Troy Reinhart says if the trend holds by the close of trading Monday, it will be the biggest month ever for the U.S. Stock Market. "We're up about 17% for the month. We've taken what was a Bear Market, in Bear Market territory and turned around and had a fantastic rally on good earnings news. Better than expected economic data and I guess you could call it temporary solution in Europe." He also says October is an interesting month when you look at history. Reinhart says there is only one month in the last 150 years that the market top was in October and that was in October 2007, when the market crested over right before it started going into the abyss in October of 2008. Another big October crash was in 1987.
 
 
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