Looks like I was wrong about a bond top. Another big rally today.. That probably is why stocks are down just modestly.
Market seems to be expecting a cut in the funds rate from 1.25% to .75% soon. That would bring US short rates down to Japan levels.
“The things that will destroy us are: politics without principle; pleasure without conscience; wealth without work; knowledge without character; business without morality; science without humanity; and worship without sacrifice.” Mahatma Gandhi