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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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Traffic & Weather

 

 

 

 

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

 

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.

 
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