The way I'm thinking about stocks makes them winners no matter what the Fed or bonds do

People "in the business" don't talk about stocks much anymore. Many have been blown out by the algo guys — those program computer traders — or they have decided it isn't worth it to be anything but conservative. No heroics, with the exception of the one or two stock hunches or something exciting enough to merit selection. Who can blame them? After a hideous week, one, it seems of many, we are starting to recognize that the 10-year Treasury yield at 4.

People "in the business" don't talk about stocks much anymore. Many have been blown out by the algo guys — those program computer traders — or they have decided it isn't worth it to be anything but conservative. No heroics, with the exception of the one or two stock hunches or something exciting enough to merit selection.

Who can blame them? After a hideous week, one, it seems of many, we are starting to recognize that the

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