Fake stock market because of all the liquidy the Fed is pumping in. That's ok but at some point people will have to pay the piper. The problem is individual investors will think everything is ok, pile all they have in and then the BIG correction will come.
QE1, QE2 and probably QE3 is not a good thing. Let the market do what they will.
Debt is through the roof, QE2 ending, uncertainty about the future abounds, uemployment sky high, housing market at all time low, euro countries are struggling, banks won't lend, financial system still in crisis. I remember years ago just one of these issues would take the market. Now nothing matters. It's all about how much money the government can pump into the system. When it's darkest before the dawn don't worry. QE3 is coming.