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And the nasdaq diving 3. 3 . That knee jerk reaction should not surprise anybody. There is always a knuckle head that did not expect the most widely telegraphed action to happen. They think that stocks are somehow in a bubble. Theyre designed to boost employment. Now that these things are improving, theyre raising rates. The wisdom here is that Better Business activity does not counteract the Federal Reserve removing what do stocks need to do . They need to be lower. Now that the fed has withdrawn their support. Is that true . I think it is a dramatic oversimplification. There are genuine bubbles out there. Youre not being compensated enough for the risk of owning some high yield bonds like the ones in the oil patch issued by companies willy nilly. To me that is the most dangerous part of the whole financial super market. I see a bubble in european bonds. The idea that the french tenure treasur treasury. Those countries economies are in tatters versus our business environment. That is

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