I read an article this morning.....Blackrock owns 5% of the S&P, and world wide investments into the trillions of dollars. They are buying into this market, and so are the other big players. This is going to ride for awhile, and the fed is keeping it going......the funds know Bernanke is on their side for quite awhile. The goal is to make Obama look like his economic policies worked, folks are happy making money in the market, corporate cash earnings are at an all time high. The article was about the markets BULL run and will it sustain? Their view was it was going higher and the market overall was at reasonable value metrics. When the fed makes the turn around get the heck out cause these guys will take their profits off the table before you know it even happened and be shorting.
The Fed is stuck now. How can they get out quietly??? Somebody will leak info and some big tutes will sell and short quickly, then the rest will follow. What we'll have is a crash much worse than ever before.