You are missing the big picture, Fed created cycles of boom and bust, alternating between stock market and housing market. The former has been on a tear for 6 years now its time to focus on reinflating the housing market. Rinse and repeat.
The reason this time it didn't work as well as the past is stock market participation is at the lowest every. Housing ownership is at 1950's level, they have room to inflate.
MTG back to $60's until the next bust arrives (probably 6 years down the road). Enjoy the ride.
Crash will happen in 2015, for now this has shaken out all those "traders" accustomed to buying every dip for the past 5 years on margin. First warning shot has been fired, market will get back to 1950 and fall from there..how far only the Fed knows.
Funny how everyone was a bull at 2,000 and where are they now?
Amazon is kicking butt at what they do, yes they are overvalued but that has always been the case for this internet juggernaut.