"It suggests that if you get a rally in stocks, you will get a setback in mortgage rates," said Henry Kaufman, the Wall Street economist and consultant.
"There's going to be a day of awakening sometime in the next 12 months when people are going to say, 'You didn't tell me this was going to happen.' My guess is the stock market is going to get a setback, maybe a significant one".
"You work really hard to get a place, so to get a setback was tough.
Steve Forbes: And when you get a setback, I mean you had one in 2003, you left the company and then came back.
This week, AT&T got a setback in its deal to acquire BellSouth from the Federal Communications Commission, meaning the merger will be delayed further.
"I think this market is getting very, very rich and I would feel better if we did get a little setback".
Barack Obama will get a big setback next summer, as the Supreme Court rules against his plans to revamp immigration and deportation policy.
"It's not unusual for guys to have a setback, especially when they get on the mound," Cashman said.
Another conservative strategist said, "It's always two steps forward, one step back, whether its pro-choice or pro-life -- you always get a victory followed by a setback".
"Normally when you get a big stock market setback, consumers have a harder time getting credit," he said.
