Investor Denial Over Coming Rate Hikes

Investor Denial Over Coming Rate Hikes
The Associated Press

Judgment Day is coming. No, I'm not talking about the rapture. And no, I'm not talking about James Cameron's vision of a Terminator-style nuclear holocaust. I'm talking about -- brace yourself -- a rise in interest rates from the Federal Reserve, something that hasn't happened since 2006, when Justin Timberlake was bringing sexy back on the airwaves, Apple (APPL) didn't yet sell an iPhone and President George W. Bush suffered a "thumpin'" in the mid-term elections as Democrats retook the House and Senate.

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