I am home with my wife, who is recovering from surgery this week, and it’s tough to want to write about the financial markets. But when the DOW trades above 20,000 for the first time ever, it’s worth a word or two. Typically after the DOW has hit *000 levels over the last 40 years, the index has risen higher, more quickly, than just before the thousand-level was broken. This will pull money out of other assets, like bonds, as traders seek to join the throngs cashing in on the bullish move. That rush to ride the bull wave will take its toll on rates. Watch for in increase over the next week. That’s my prediction.
