إنّ النّفس إذا كانت على حال الاعتدال في قبول الخبر أعطته حقّه من التّمحيص والنّظر حتّى تتبيّن صدقه من كذبه وإذا خامرها تشيّع لرأي أو نحلة قبلت ما يوافقها من الأخبار لأوّل وهلة وكان ذلك الميل والتّشيّع غطاء على عين بصيرتها عن الانتقاد والتّمحيص فتقع في قبول الكذب ونقله.
[ابن خلدون، المقدمة]
BY سعد خضر
Importantly, that investor viewpoint is not new. It cycles in when conditions are right (and vice versa). It also brings the ineffective warnings of an overpriced market with it.Looking toward a good 2022 stock market, there is no apparent reason to expect these issues to change.
A spike in interest rates since the start of the year has accelerated a rotation out of high-growth technology stocks and into value stocks poised to benefit from a reopening of the economy. The Nasdaq has fallen more than 10% over the past month as the Dow has soared to record highs, with a spike in the 10-year US Treasury yield acting as the main catalyst. It recently surged to a cycle high of more than 1.60% after starting the year below 1%. But according to Jim Paulsen, the Leuthold Group's chief investment strategist, rising interest rates do not represent a long-term threat to the stock market. Paulsen expects the 10-year yield to cross 2% by the end of the year. A spike in interest rates and its impact on the stock market depends on the economic backdrop, according to Paulsen. Rising interest rates amid a strengthening economy "may prove no challenge at all for stocks," Paulsen said.
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