It's Good to Be a Bull These Days

For awhile now, critics of 2012's rally in equities have been able to point to the money still pouring into bonds, keeping the yield on the 10-year Treasury below 2%, as evidence the surge in stocks was a low-volume phantom. All Apple(AAPL_) and no core. Tuesday, however, saw a shift as the Federal Reserve's acknowledgment that the economy is indeed improving sent investors scurrying out of bonds. Jefferies described the scene this way in commentary on Wednesday. . .