In case you were confused about things for the STUNNING 4% or so drop in the indices and rate sensitive items getting clobbered this handy diagram should clear things up.
1.) OMFG!!!! The Fed may taper/slow/stop extra bond buying:
2.) WE ARE SAVED!!!!:
As you were.
Note: The recent drop extends my time estimate until we get there, but I believe when the S&P 500 gets to 1800 there will be a significant opportunity.
Have a good night.