Still oblique, but Greenspan's inflation warnings are getting louder and clearer.

Undervalued stocks have absorbed the inflation scare that has devastated bonds.

Bond yields are finally getting back into line with the rest of the world's markets.

Record crude prices mean a monetary mistake could be not just dumb, but disastrous.

The Fed finally awakens to the inflation threat -- and in time to remain "measured."

If the Fed follows through, it's good for stocks and bad for the reflation/inflation plays.

The bond market just isn't listening if it believes the Fed is going to slow down.

Undervalued stocks need a catalyst that clears the overhang of tax policy risk.

Wishful thinking in the bond market won't keep rates from heading higher.

In growth-sensitive markets now, it's as though the presidential election never happened.