With market participants so concerned over the effects of if/when Bernanke takes his foot off of the QE gas pedal, here comes DB and BusinessInsider to remind us of historical market moves when rates were raised. Based on monthly historical charts, you will notice a few 10-20% corrections however nothing earth shattering. The markets found a floor based on fundamental economic demand and continued their uptrend.
As it stands, JPM believes the Fed will not being to taper until their December meeting unless labor improvements continue as they have the last six months; at which point then they look to the September meeting as the most obvious time (after Jackson Hole). One has to wonder, however, with front page newspaper headlines such as "BULL RUN GETS SOLID FOOTING" if a top isn't more near than people believe. It's the old saying, when the little guy gets in, it's time to get out. I say bring it on. I'm itching to reload on names and establish positions in others - at lower prices.