The US bond rate has been declining for 20 years, the dow dropped when it hit 5.25% which many thought signalled an end to the decline, hence, the 400 point sell off. Then the bond rate dropped to 5.1%, plus the spin masters simultaneously circulated articles to the effect that the bond rate is levelling off at a good level for business, the decline couldn't go on forever ... but its not going back up .... hence, the dow up 157. Back to normal. I'm just glad we have got thru May, and now hopefully June with a major correction as I have many stocks that went past the 12 month CGT period in April and May.
DOW Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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