<prompt> Human: Ive been watching cds carefully over the last year and have seen them recently hit at 3.40 for a 10yr. If it starts to hit 4 possibly, what would it do to the stock market when you can get guaranteed returns and safe up to 250k?If I have quite a bit of savings is it better now to take risk off rather then put it in the sky high stock market?  <response>: Never. The equity risk premium is remarkably static across time and country. When fixed income yields rise, expected stock returns will rise as well stocks will fall andor earnings will rise. 