Market Interest Cycles
All asset markets move in cycles. Whether you are talking about stocks, bonds, indentures or real estate. Some of these cycles are confined to geographic areas like real estate while others like stocks know few if any geographical boundaries. They cyclical nature of these markets does not mean sometimes they go up and sometimes they go down. It is better to think of it more as an "interest" cycle. The parts of the cycle are not uniform. For example, it may take several years for interest to reach a peak only to fall back to the bottom in a few months, weeks or even days.