30-year treasury yields in blue, S&P 500 in red:

Click image for sharper view. Source: Yahoo! Finance

Talk about a non-confirmation. Treasuries rallied on Monday when stocks tanked, but they have failed to sell off since then as stocks have rebounded. Treasuries remain solidly in their 26-year bull market, and I suspect that we will soon enter the crazy phase when a bull runs far outside of fundamentals (in this case the solvency of the creditor).