Complacent Consolidation?

(1) Why are migrants a problem in Austria, but not in Czech Republic? (2) Venice flooded with water and tourists. (3) Cleveland celebrating Cavs. (4) LeBron & me. (5) Brexit relief rally already? (6) Consolidation will end when earnings growth resumes. (7) In 2017, S&P 500 revenues should grow 4% in aggregate and 5%6% per share. (8) Same goes for earnings if profit margin stays steady. (9) Valuation is high, but bond yields are low. (10) Are stocks undervalued or are bonds overvalued?