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Higher rates in the bond market will get people who need income out of the equity market, and the equity market will start to reward businesses for growth and return on equity. It can't just be about paying dividends and buying back your own stock.

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    Who said, “Hope is the power of being cheerful in circumstances that we know to be desperate.”
    A C.S. Lewis
    B Desmond Tutu
    C G.K. Chesterton
    D Christopher Reeve