""Tex pointed out that this happened in the post-WW2 bull market. If growth is accelerating, rates should rise.""
Yep, T-bonds bottomed at 2% after WW2 and rose with the DOW as the DOW went from 165 in 1948 to near 1000 in 17 years. If interest rates are rising for the right reasons the stock market will be fine. A new secular bull market in stocks in coming years requires a secular bear market in bonds and a “good” rise in interest rates.
Every stock breakout from a long multi year trading range has coincided with a secular inflection point in the bond market. Next year I think the low will be 1575 and high could reach 2200.
""A bear market will follow this huge bull market.""
Nice to see someone here admit the fact that we have a bull market. Bears have been making excuses for 5 years why the market can't go up.
SDS down 90% and SSO up over 500% since the President said on TV that "stocks are a good deal"
I agree Buzz the U.S will not default but, there is more than one kind of default. How about the debasement of the dollar you are talking about is that not another way of default? Will sell half of my XBI today. Thanks to Obamacare XBI went up fast since 2012.