Chart of SPX vs TNX from top before financial crisis to now...
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PREDICTIVECHARTS
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I am in my sixty's and all my life I have seen the interest rates go up and down. the stock market has corrected many times but over my life time has always gone higher. how can these correlate. to do so the stock market could not go but so high as interest stay in a range of say a few percent to 15% as back in the president carter days. or interest rates would always have to go higher decade after decade like stocks. just don't get it. but there must be something to it, since Greenspan would not make a reference to this comparison. what gives ?