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George Noorey
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Local News


A Bend financial advisor reacts to a big down day on Wall Street. U.S. stocks fell for a fourth session today. The Dow Jones industrial average was down 248 points.  Troy Reinhart with Northwest Quadrant Wealth Management in Bend says Europe is mostly to blame. "This is all Europe. It’s really a continuation of what we've seen all year; been even more succinctly over the last quarter the last 3 or 4 months and Europe's dragging everything down. Everyone's worried, no one knows who owns what debt what the contagion is out there so it makes everybody sell off." He says light trading volume is another factor. He doesn't believe the super-committee's failure played a factor because he says that result was already priced into the market.

 

 

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Traffic & Weather

  • Brookswood Blvd CLOSED >< Pinebrook and Lodgepole Dr. (5/14 - 9/4)
  • Skyline Ranch Road CLOSED behind Summit High School (4/22 - 7/22)
  • Milwaukee Avenue CLOSED between NW 12th and 13th until July 31.
  • Lane closures Shevlin Park Road 7:30 a.m. - 4:00 p.m. (7/13-8/3)
  • Road Closures in the area of Summit High School for a cycling event 3:45 p.m. - 7: 45 p.m. (July 16, 29)
 
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