The day the Fed annonces a fed funds rate increase or discount rate increase the prime rate will go up and equities will drop. Hopefully not as hard as 87, but in the longer run the long secular trading range will evolve into a new secular bull market.
in the short term anything is possible. As rates rise the attractiveness of the stock markets will wear thin. Trying not to be too cynical here but I really think one more event will extract wealth from 401ks etc before this current cycle is over. I am coaching my children to buy a house and pay it off afap. Second lesson is cash-flow is king. Third is pick whatever side of the isle you prefer but don't be surprised when they disappoint you. added to uvxy gdx tlt. Today was not one of my best or worst days. sun is shining sky is blue and if not for windy conditions id be fishing. gl