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Stocks Are up...Then Down...Then up Again


Don’t blink; you might miss a market rally.... or a plunge. It's been a roller coaster ride today on Wall Street. “Today verses yesterday; yesterday was a hockey stick. We fell way down and we stayed down. Today we’ve been up, we’ve been down, we’ve been back up again. It’s more of a trader’s day and it’s everybody trying to find where they want to be when going into the weekend. Try Reinhart with Northwest Quadrant Wealth Management in Bend says even after yesterday’s 500 point drop, he’s not hearing from that many nervous clients.  And give some hope for what may happen after our huge economic correction is over: “We’ve got to remember that this truly is one of those once in a lifetime kind of things. We’ve got a balance sheet recession. We had too much debt at the government level; we had too much debt at the family level and the personal level. And we’re working our way through that. And the last tome this happened was in the 1970’s and that set us up for one of the biggest bull markets we ever had and I think this time will be much the same. Bt we have to work through it.” He says the biggest concern right now isn’t inflation, but deflation. Saturday on KBND at 10 a.m., Rinehart will focus more on what deflation could mean for people and our economy.

 

 

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