by Jeff Opdyke
Stocks are up. Bonds are down. Apparently, we’re living in a perfect world now.
Wall Street tells us so.
Interest rates are finally going up, as the Street has wanted for several years now. And stock prices won’t stop rising until they reach the moon … maybe the sun. It’s onward and upward, so saddle up, boys. We’re in for a nice ride…
I don’t, of course, believe any of that.
Anyone who tells you stocks have a lot more room to run higher doesn’t understand the relationship between stock prices and rising interest rates, as I pointed out a few weeks ago. Wall Street these days is an ADD kid without his Ritalin. He can only focus on…
Hey, look a squirrel!