Bonds yields going up is generally a good thing Rich. It's means a growing global economy and the increased yields are more attractive to investors looking for long term stability outside of the market. The bond market has been a zombie for years because it provided a next to zero return. But you already knew this....

Look, we just had the longest and most stable bull run in history. The market is up 8000 in the past year and this "correction" is only about a 1/4 of that once-in-a-lifetime run. 2000 pts is NOT a correction. There is over-valuation and it's OK for rates to go up where they should naturally be. This is a return normalcy and that is a good and healthy thing. Relax man.