Today's headlines are saying that the market would rather see unemployment staying south so that interest rate increases would not occur, i.e. interest rates are really the "Great Satan". http://biz.yahoo.com/cbsm-top/040305/89b6771a6c99a73200aeba7d67c171a5_1.html Does everyone buy into this? I know interest rates are hard on the markets, but are they that devastating? I've always found it hard to believe that a half point here or there really slams capital and earnings that much. I know that the yield curve, etc. is a good predictor of broad trends in the market, but does everyone really buy into the idea that slight shifts in interest rates can massively change the climate? Is this all psychology?