Looks Like Kash Was Right

Earlier this morning, Kash wrote, “this Could be a Bad Day for Wall Street.” Now from CNN, we see that

Stocks tumbled for a second straight session Monday on worries that interest rates will rise soon, pushing the Dow Jones industrial average below 10,000 for the first time since December.

The major indices were off between 1-1.25%. While this is only one day’s worth of data, it does highlight the risk that massive deficits will lead to long term interest rate increases, crowding out private investment.