1.   Corporate borrowing has risen because a slowing economy is reducing cash flow and falling credit ratings makes it harder to borrow foreign currency.

2.   Falling bond yields make it less expensive for companies to borrow money, helping them expand and fattening their bottom lines.

3.   Falling bond yields make the returns on stocks more attractive than those of bonds.

4.   Falling bond yields make bank stocks relatively more attractive investments.

5.   Falling interest rates makes it cheaper for companies and consumers to buy computers and the software to run them.

6.   This was a plus for stocks, since falling yields make bonds less attractive to investors.

7.   Wind blew at the top of the course and falling snow made visibility difficult for some of the late starters.