The bond market is sort of like the jet stream in weather reporting...
Show me where the jet stream is...and you can just skip all the yada-yada.
After all people always like to talk about the weather, but no one seems to "do anything" about it!
So to with the bond market.
You can just skip the daily yada-yada from the pundits, and look ONLY at the bond market and know pretty much what's going on...
Unfortunately, bonds are going down...longer term.
And that makes stocks less attractive... My hunch is that Fed Funds will have to revert to the historic "norm" of 7% to wring the (asset) inflationary expectations out of the economy and Wall Street...
We ain't there yet... But we will be--eventually.
So just try to enjoy, or at least endure, the pundit yada-yada in the meantime.
