Don't believe QE1, QE2 at all, will/should not keep hoping any QE3 useful. What are they really doing to market? Nothing, but bubble and inflation. They are killing people. They keep printing money for themselves, not for the country.
Bubble????? S&P p/e is at 13 and you think it's a "bubble"? What bubble? If anything the market is grossly undervalued. Unless if course you want to sit here and tell me that aapl with zero debt, 60B in cash and a p/e of 11 is "overvalued"? LoL! What about Intel's p/e of 8 is that a bubble? Microsofts p/e of 10 is that a bubble as well? Do yourself a favor and turn off the TV and stop believing whatever the blogosphere has told you. The Us is the most attractive place for investment in the world because of it's underpriced market. When the S&P is well above 2000 then u can start talking bubbles until then that's a ridiculous and naive position.