Or it may signal the start of a correction. Fridays usually end with the natural tendency for bond prices to rally into the close. I do feel eventually it is the Wyle E Coyote ( sorry for the reference but I loved the cartoons as a kid) cliff scenerio but the timing is the hard part. Any type of "normalization" of rates into a higher range WILL NOT occur gradually but would probably happen with the same velocity as the swiis franc moved overnight. Just my thoughts . Sorry for the one line rants , just emotions.