Government is buying. Unprecedented government intervention. Bernanke is printing and buying stocks with the proceeds. Fundamentals don't matter anymore.
This is like 1999. Green span flooded the world with dollars because in Y2K all the computers were supposed to shut off. Also LT Credit blow up. Remember those?? Nasdaq went up 1,000 points in 3 months.
Bernanke looking to create another stock market bubble. Like the tail wagging the dog. The hope is all this free money gives people money to spend and the fundamentals will follow later. My guess we get a repeat. Markets will crash like 01 once earnings don't show up. For now party like 1999 with a finger on the sell button fro when they pull the plug. Somebody has to pay back these TRILLIONS and government printing can't last forever.