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To: SouthFloridaGuy who wrote (858)6/11/2007 10:44:34 AM
From: John VosillaRead Replies (2) | Respond to of 1718
 
'I'll say it once and I'll say it again, this market cracks with rates over 7%, not 5% or even 5.5% for those who think I'm lowballing.'

Risk free multiple drops from 22 to 14 on a move to 7% 10 yr treasury. That is a headwind of 36% for stocks if everything else remains the same. Half the move takes us to 5.75% and a headwind of 18% enough for serious disruption IMHO.