And Treasury note and bond yields are much more controlled by global forces and higher as well than in Japan.

FORBES: Is The U.S. Economy Turning Japanese? Gary Shilling's View

One very early clue that the stock market bulls are running out of steam is price action in the U.S. Treasury bond and note futures Wednesday.

FORBES: P.M. Kitco Metals Roundup: Gold Ends Up on Fresh Safe-Haven Demand, Short Covering

One very early clue that the stock market bulls are running out of steam is price action in the U.S. Treasury bond and note futures Wednesday morning.

FORBES: A.M. Kitco Metals Roundup: Gold Trading Near Steady but Bearish Outside Markets Limit Upside