### Comment:
Doesn’t change much. The bond kings will move to equities bringing their profits from selling bonds at the top.

### REPLY:
Could create an epic bubble if credit holds up and bond yields continue to crash.  Yield differential between bonds and equities is already getting tastily large.  As long as the US economy holds up money managers have to find yield somewhere and the SP500 is gonna be the last game in town.

### END.