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Greeces' Problems Affecting Stocks


The Stock Market is had another wild ride Wednesday. Tuesday, the Dow closed up in triple digits; yesterday all those gains and more are being erased. As of 12:25 Wednesday, the Dow Jones Industrial Average was down about 200 points. Tyler Simones with Northwest Quadrant Wealth Management in Bend explains why there was a big sell off Wednesday: “So equity markets are selling off because people in Greece do not like the government's austerity methods; and so they are rioting in the streets.” He says Greece isn't a huge economy. He explains we are all inter-connected in a world economy and some big American companies could be affected by Greece defaulting on its debt.

 

 

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