Agree with you hundred percent. If the bond market catches a cold equities catch super aids. But, at the same time equities may have already been destabilized as it's not going to take much to knock it over and the yield surge alone may have been it.

Peter Schiff brings up a good point with gold that people sell it reflexively when yields rise even though inflation is going up, so I'm going to wait until the Fed does it's next yield slam down. Maybe they will wait until it gets closer to 2% to fire the cannon and go to a 10 trillion dollar balance sheet.