2. 39 and nasdaq worse its all about the bizarre action of the bond market. You got to remember the bond market is a lot larger than the stock market even though unemployment is at the lowest level in 50 years. Something disconcerting happened with bonds earlier today the benchmark tenyear treasury had a lower yield than the twoyear. Thats a highly unusual setup. Havent seen it since the Great Recession of 2007. We have memories the yield in the 30year treasury has fallen to record lows again that is piercing as bond yields fall off a cliff, they are taking the stock market with them. Why . Because of president the bears will say any team we see treasures like this, a recession follows. So even if things seem fine in the economy now, there is a wide spread fear they wont stay that way and things could get worse in the future. Now, i think that could be a misread of the current situation, but i can no longer dismiss these concerns given the pronounced moves in bonds we saw monday and to