And THAT is the worst thing stocks can worry about...! Ever.
Interest Rates and bonds yields are at the very core of the market.
This is all happening a bit earlier than I would have expected...as the Sucker Season is not quite over yet... The Street usually pulls the plug on the "New Year's Rally" sometime after April 15.
But this year is different.
A new FED chair is alas, "facing reality"...and no, I don't mean excessive "job growth"...
Rather excessive debt and deficits that have festered for literally decades under Greenspan's Bubblenomics.
The war in Iraq is out of control...and a NEW WAR between Israel and the Palestinians seems inevitable...as new militant leadership replaces Sharon in Israel.
Of course all of this unpleasantness could just be early profit taking...as the markets have run up an virtually no news, or fake news for months now.
Still, when stocks start worrying about rates in a serious way...that's bad!
