The Federal Reserve’s rate hike drama has thrown investors into a short-sighted tizzy. ‘I think we have a myopic focus with the Fed,’ said David Nelson, chief strategist at Greenwich, Conn.-based Belpointe Asset Management. ‘Does it really make a difference whether it’s September October or December?’ Investors are worried what the markets will look like without crisis-era interest rates, which have helped fuel the six year bull market. Low rates make borrowing costs cheaper for companies, giving them an incentive to invest. Plus, low rates have pushed yields on alternative investments like bonds and CDs down, making the stock market more attractive. ‘We’ve had a correction in the markets, but investors are now worried that a [rate hike] causes a bear market,’ where stock indexes dive at least 20 percent from their most recent peak. Nelson doesn’t think the markets are headed for bear territory once the Fed lifts rates. In fact, he thinks a rate hike is actually a positive sign. TheStreet’s Scott Gamm reports from New York.