When short rates go to 4% tomorrow, the 10 year treasury will be about 4.5% so the yield curve is getting flatter. Oil's only down a couple of bucks, it hasn't made a substantial decline. The GDP was 3.8% - higher than the Fed would like. And the financial press is saying "here comes the year-end rally!" I'm not saying I know where the market's going but it seems like a year-end rally still has a strong head wind to fight against. Maybe I'm just looking at it all bass-ackwards.