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Lars Larson
Lars Larson
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Local News

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%.




Traffic & Weather




  • 27th Street Bear Creek Road and Forum Dr. down to a single lane 6a – 10p Signal light at 27th and Forum will be disabled and only right turns off 27th will be allowed.


  • Road closures along Roosevelt Ave >< Silver Lake Blvd -Chamberlain St. 7a-5p (9/6-11/20)


  • Lane closures and detours Mt. WA Dr at Shevlin Park Road North to Regency (7/11-11/30)
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