Nothing Yellen or Helicopter Ben have done has helped the fundamentals of the economy. This financial engineering experiment has been a failure. Real unemployment is through the roof, just labeled different. Income growth is nonexistent, negative first quarter GDP, soft housing market, and shrinking growth. Companies have resorted to buybacks and to hit estimates. Promises of cap ex spending and accelerated growth are a joke. Most companies have no business trading at these ridiculous levels.
I'm not a perm bear as I own several stocks long (DNN, CCJ, ED, JPM, BAC, LGF, OUTR, MNKD, and a few other). I even own junk like FB, TWTR, WFM, and YHOO as of today. I do think that this market is in for a huge breakdown in the near future based on poor fundamentals. We have a terrible political landscape, insane debt, a terrible tax code, a lot of bad regulation, and an unsustainable economic model. We have yet to figure out globalization as evidenced by the constant tax evasion done by AAPL, PFE, and others. Oh well, onward and upward.