Interest rates hit 25 year high

 

The bond market is continuing to undergo very heavy selling. The rise in long term interest rates is severe, inherently affecting the economy and all markets. The stock market looks like it is hanging in, and the averages are, but there are a remarkable number of stocks getting whacked. 

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Where is the fear? Two contrarian indicators are useful for their correlation to stock market declines. But there is virtually no action in either of them. What's it going to take for investors to get a read on the stock market?

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