George Noorey

ON AIR NOW

George Noorey

12:00am - 6:00am

Contact
Local News


The Dow closes down at almost 392 points or about 3.5% capping off several days of wild swings. What does this mean to the average person? Money analyst Troy Reinhart with Northwest Quadrant Wealth Management says the markets swings are a result of small investors who are nervous about the world situation, and problems in Washington. "Fear and greed are the same coin, just two different sides, and fear is a very powerful emotion. And especially small, individual investors will run with the heard. And that that made sense when you're trying to get away from saber-toothed tigers, but it doesn't when you're trying to run away from the market. And most people who sold into today, will probably rue to regret that decision." Reinhart says history does repeat itself, and in the long run, if you can just hang on to your investments the market will eventually right itself. He says seniors are probably the most fearful; because they are going to need that cash to live on, but if they can keep the investments intact, they will come out all right after time.

 

 

Share
News
Traffic

 

 

  • Click on the link for the latest conditions on the mountain passes.
  • NE 4th Street is CLOSED between Addison and Xerxes until 8/30/19
  • Brosterhous Road CLOSED with detours between American Lane and News Lane until 8/30/19
  • RDM:SW 15th St from SW Indian Ave to SW Kalama Ave – Closed for construction thru August 15,2019 
  • TERREBONNE: C Avenue is closed >< Hwy 97 and 6th St (7/8-8/13)
KBND ON FACEBOOK
 
FOLLOW US ON TWITTER