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Volatile Stock Market Week


It’s been a very volatile week on Wall Street, and today is no exception. We are down more than 100 points on the Dow Jones Industrial Average. Bend Financial Advisor Troy Reinhart with Northwest Quadrant Wealth Management says there are three big reasons why there are so many sellers out today: “The biggest things are; we’ve seen the concerns about Greece and what’s going to happen with Greece and Euro-debt. IT was reported today that Portugal has actually slipped back in to recession because they had their second straight quarter of negative growth. Number two: the volatility in the commodities market. There’s lots of money sloshing around and number three: this is good news, believe it or not. People won’t believe it when they hear me say that- we have inflation and that’s so much better than deflation.”  He says earlier this week, the Futures Market was so volatile that the Chicago Mercantile was actually shutdown for half an hour to give traders a breather, after gasoline futures dropped 7% in 15 minutes. The good news about that is: that experts believe the price of gasoline will be going down soon.

 

 

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