The stock market keeps ticking methodically higher into record territory, and the Dow Jones industrial average closed above 23,000 for the first time on Wednesday. Virtually no one is predicting a repeat of "Black Monday," which was the stock market's worst day in history and happened when conditions were different from today. The stock market stayed at or above this level of price-to-earnings for years following the summer of 1997. Interest rates are risingThe Federal Reserve slashed short-term interest rates to near zero in response to the 2008 financial crisis. Higher interest rates make borrowing more expensive for companies, and those bigger interest payments could erode profits, at least modestly.

Source: CBC News October 19, 2017 12:56 UTC