I think the world has changed. Today a guy on CNN's GPS said there are a lot of people that have money, they have paid down debt, and they are not to interested in putting the money at risk. But we know there is the BIG exception. See the stock market as it is the only game left. Not bonds - yields are too low and even a small pop in rates will hurt the performance. We are in a global doldrum. [more]
It has been on a tear. The old liberal killers are not killing things. The fear of a sequester hurting were unfounded. The fact is low interest rates everywhere are going to boost the WORD economy. Some of my friends are calling their adviser, their "WEALTH ADVISER"
This is my second post.
This is my first Blog. I do not think the increase in the rates will hurt the stock market. The tax holiday ended (a negative). But the Alt Min was KEPT. It is a big spend so it helps the money flow. I am still waiting to read the tax instructions for surprises.