The main determinant of bond yields is inflation, and inflation is low.

Show me how resource utilization has any impact on inflation in the last 10 years.

The dollar is stronger because of higher rates. Look at the bond market: it's been selling off with higher inflation fears and decent growth prospects. Also U.S. data were not so bad.

Fears about rapid wage inflation and growing skills shortages in India and other offshore markets are largely misplaced. Our findings show that wages are rising for a relatively small base of workers and that shortages are cropping up only in certain skill areas. These issues will eventually work themselves out as the offshore labor market continues to mature and expand into new geographies.

The population is growing, and Medicaid doesn't keep up with inflation. It's nice to have Kaiser's help.

The next phase of the market is in M&A activity, and the Fed moving to the sidelines will help with that. So I think investors can still stay in the market and put their money to work.