Stocks in a corrective phase? Not what I was expecting to read when I clicked this thread. Ha, I was expecting a gold 5,000 call.
The bond yields rising is hardly an original thought though and in line with main street opinion. Going back one year ago I was pretty confident we'd see inflation by now, but it's looking more like deflation lately. I compare it all to a rubber band or a giant tub of water sloshing back and forth. Targets always seem to overshoot one way or the other and then snap back in an unexpected manner. We probably will see inflation again in a year or two, but first the housing market needs to stabilize without gov't intervention.