<<There never was a recession, bear market or projected downward momentum
in the stock market while interest rates were below 7% current interest
rates are 5.26%>>
That is false. In fact, prior to the inflationary 70's, interest rates in the US were never above 7%. In every bear and recession prior to the 70's, rates were well below 7%. At the top in 1929, rates were below 5%. At the top in '37, rates were below 4%. At the top in 1920, rates were around 6%. I '62, rates wee around 4%. In each case, a greater than 20% drop occurred, which is the traditional definition of a bear market.
Similarly, if you pick any recession that occurred prior to the mid 70's recession, every one began with rates below 7%. |
