Opinion: This is what will stop the record stock market
Three reasons why interest rates will rise, eroding the present value of future profits
The stock market has been on a tear since 2009, but it won’t always go up.
CAMBRIDGE, Mass. (Project Syndicate) — The U.S. stock market achieved its longest rise in its history on Aug. 22, with the Standard and Poor’s 500 index SPX, +0.03% up by 230% since 2009. Although this wasn’t the biggest increase in a bull market, it marked the longest period of increasing share prices.