Twelve months after a third rate cut, every industry group had moved higher.

They may have to move higher still, perhaps into the clouds.

Thus, although spot prices have moved higher, the market does not expect them to stay there.

Shares of the software company have since moved 13 percent higher, to close at $52.875 on Friday.

Early in the session, the Dow moved about 10 points higher.

True, the sun had moved somewhat higher, but the atmosphere was still that of early morning.

So it is possible that long-term interest rates, already at relatively high levels, could move even higher.

The tough question, though, is whether such stocks can move much higher, given the strong growth rates already allowed for in their prices.

He added, "Since we took the survey, the rates have moved even higher."

But the lesson was not that interest rates are moving sharply higher.