I can't understand any of the comments here. (1) The Fed running out of money? That is impossible since they print and own all the money. They can destroy the financial system, but they can never actually run out of money. (2) If people (retailers) were buying every dip the market would tank--retailers represent a who's who of NOBODIES. If you think markets go up because "people" are buying, then you have no clue.. a tiny fraction of entities DICTATE market direction, and it is 100% of the time AGAINST the "dumb money", which just refers to "the general public that does not have physical control over the price the ticker symbol prints on the screen".
(3) Economy recovering? On what planet? Economy is artificially propped up by fake Fed money, and if the Fed doesn't ultimately take back what they have given freely, they have no way of profiting, and even worse they will crash the financial system, which they likely are not going to do. The market will TANK before the economy actually recovers.
We will get a pullback here soon, but it will be a fake, and it's back up and off to the moon. The real market collapse is at minimum, 1 month off.
No can do...Fed buying S&P500 equities directly. The negative GDP number called for direct intervention from Fed, Bernake is now a stock investor as well as a bond investor.....before we can correct the Fed has to run out of money, and since the Treasury is depositing a set of 10 commemorative trillion dollar coins, he still has plenty of powder to prop this pig.