.30 to .35 on tues. with an interest rate hike or talk of one down the road may prove to be troublesome... Right now this market has the perfect conditions priced into it,,, No inflation,Interest rates have gone no where but down for the last 21 years,,,The only two factors that matter in pricing a market,,,Or I should say,,,the only proven facts that dictate market direction throughout history,,,,
Market at 7600 in Oct. with the 30 year at 4.75%,,,NOW the market is at 11000 and the long term rate is pushing 6% after pushing thru resistance at the 5.75% level. ?????????????????????????????????????????????????????????????? |
