There's a feeling that oil prices will work higher still. The U.S. is more dependent on foreign imports than it has been in a while, and with oil prices on the rise, buyers moved quickly into oil stocks and energy related stocks,
The biggest bull market in history still appears to be intact, ... Although the market is up tenfold since 1982 and lots of wealth has been created, there are still buyers to be found on market pullbacks.
It's the higher multiples that have put off buyers for now, ... If the economy slows, it will affect technology stocks.
This was the last chance for the Fed to raise rates in 1997. The market reacted earlier as if nothing would happen, and when the news came we saw some buyers but also some sellers going to work,