The Impact of Surging Rates on Equity Markets

David Rosenberg: The best thing for people who like to dollar cost average, like to buy things, coming to them wouldn't be a melt up in the face of all of this tightening. He says that right now you've got a situation where the stock markets and the credit markets seem to think that they have more time that they can buy before the boom really gets lowered on the economy. Rosenberg: There is actually no better correlation with the multiple than real interest rates. And we've seen the real 10 year yield jump almost 50 basis points just over the past month.