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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: MythMan who wrote (424475)	7/22/2013 7:44:46 PM
From: Terry Maloney	Read Replies (2) \| Respond to of 436258

Just minor league hypocrisy would be a refreshing change, so it's a start ... <g>

To: MythMan who wrote (424475)	7/22/2013 8:59:03 PM
From: Broken_Clock	Respond to of 436258

go back to sleep.... nuthin' but blue skies.... +++ So far, with stocks setting fresh record highs daily, and housing proving its ability to handle rising rates, it begs the question, when will increased borrowing costs really begin to take bite? "In my judgment, as I do the numbers, when we get to about a 3% yield on a 10-year Treasury, then we're going to start to see some problems; problems for the stock market and also problems for the economy," says Hugh Johnson, chairman and CIO of Hugh Johnson Advisors, in the attached video. This from a veteran strategist who recently wrote to clients that "the biggest risk now is interest rates and the Fed knows it." Perhaps it's that latter point that has kept things in check, with about a quarter of the June swoon already being reversed. It has created a scenario where Johnson, and many other pros are of the mind that the worst is over for rates and that fear of the Fed tapering its monthly bond buying program are fully discounted. "In my view that is absolutely the case," Johnson says, before clarifying his prior cautious comments. "I'm not saying (3%) is the kiss of death or the end of it, but I am saying that's the time that you've really got to get on your toes and watch carefully for all those signs that tell us the current cycle is about to end."