Liquidity is clearly a problem in many parts of the bond market. The record trade deficit has the potential to create a very unstable US dollar on a moment's notice. The Fed is in tightening mode. Technology stock fundamentals and valuations have problems. Wall Street and Main Street are now one street.
Public expectations are still too high.
The bulk of current public investors have never experienced true fear regarding financial assets. The leverage now seen in the financial markets, the corporate sector, the government sector and the public sector is without precedent in US financial history. Having said this, prepare yourself for all potential scenarios in your investing activities in the months into and through the summer. Here's one for you. The Fed pops rates 25-50 basis points in June and officially calls it quits for six months, taking a wait and see attitude.