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Stocks suffered their biggest one-day loss in nearly six months Friday, as anti-government rioting in Egypt prompted investors to flee to less risky assets to ride out the turmoil. Some believe the unrest in the Middle East could provide a trigger for investors to sell when many were already expecting a noticible market correction. Tyler Simones with Northwest Quadrant Wealth Management in Bend says they are expecting a correction of 3% to 5%. " We are sort of thinking that markets are due for a little bit of correction because they've gone up so much since August when Bernanke gave his speech in Jackson Hole, Wyoming.  He hinted at monetary easing and then we got quantitive easing too and all risky assets have risen substantially; oil’s up gold’s up cotton’s up stocks are up and when they go up as quickly as they have, we're sorta due for a pullback.”  An investment advisor with 5th 3rd Asset Management in Ohio says the turmoil in the Middle East could ignite a selloff of 5% to 10%.

 

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Traffic & Weather

 

 

 

King Solomon Lane closed between Ferguson Road and King David. (7/25)

 

Jones Road, full road closure between Bennington Lane and NE Butler Market Road. May 18 – August 18, local access only.
 

Oregon State University off-site improvements for intersection reconstruction, July 11 – August 3,    7 a.m. – 4:30 p.m., at intersection of Chandler Avenue and Yates Drive.

 

Orion Drive closed in two locations for sewer work; at the intersection with Avery Lane and between Desert Woods Drive and King Hezekiah Way.  From July 11 to Sept. 6. Detours marked.

 

Valhalla Sewer Relocation Project, Mt. Washington Drive at Shevlin Park Road intersection and North to Regency Street. Nighttime closures with detours marked during roundabout construction. Daytime closures for construction towards Regency Street.    7 p.m. – 7 a.m., July 11 – November.

 

R.A.B. Construction:

 

Murphy Road and Parrell Road closed with detours. (9/30)

 

Powell Butte Highway at Neff and Alfalfa Market Roads (8/31)

 
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