Raising debt limit and continued QE continues to put more money in the system The money goes through the financials. They make more money trading and there are more transactions resulting in more profits. Will see them going higher. No fear of any serious reprisal for fraud or corruption as we saw with JPM. The rich that are in power have always looked out for number 1. They will make sure that they will not suffer. Far cry from the founding fathers that founded the country.
The financials now have so much money available that they are doing most of the trading. They collude with each other and control the market. Now the biggest and easiest gain in town is trading. Making 100 million a day or more trading results in humongous gains. Now they may have to short this market for a while as it is getting a bit absurd. Record market highs while many in America suffering is somewhat mocking the majority.