I wonder if CFury has a more informed opinion?
David Stockman, President Reagan’s budget director and former Republican congressman, says the Fed pumped "phony money" into the economic system.
See, CFury everyone in the world but you knows who "them" is.
Well i admit the FED has increased stock market prices, but if you search for a company to point to that is overvalued ya have a hard time making the case for anything widespread.
Actually we have the beginning of a true bubble as sentiment seems to be pointing the same way (bullish) which is required for a true bubble.