Replies to post #13775 on Profunds index and sector trading (PRO)

[kspiering]

Jim, again, it may be better to rely on facts instead of your memory.

http://research.stlouisfed.org/fred2/data/PRIME.txt

[Justa Werkenstiff]

Jim: Not always. There have been four times at least since 1996 that the market closed (bonds and stocks) up when interest rates were raised. They happened in 1999 and 2000. And after thirty days, the market was down every one of those four times with an average return of -3.6% on the SPX fwiw though sample is small.