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Some investors were running for cover this morning in light of the uncertainty in Japan with the nuclear power crisis. In Japan, the market has lost more than $700 billion in the last two days. In the U.S., we are having one of the worst down days in awhile. As of noon, the Dow was off 132 points. But it was much worse this morning.   "We were way-way down out of the box this morning -they had to put trading curbs in.” Troy Reinhart with Northwest Quadrant Wealth Management says this morning the Dow was down 279 points, almost 3% at one point. Then the sellers left suddenly and the market started rebounding. He says his phone started ringing at 5 am and its been non-stop all morning. "Clients are asking whether they should be worried about all this and our answer to all this is: that markets usually over-react to things and we think that is what is going on. If you live in Japan, this is Armageddon, and we understand and our hearts go out to them. But probably for the regular retails investor at the end of the day, just stay the course and this thing will correct itself and we'll come out at the other end and there will be some positive things that come out of this.”

 

 

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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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