In response to:

What Is Really Behind the Rally in Stock Prices

Manny41 Wrote: Jan 22, 2013 12:02 PM
Bush will be blamed.

Craig Newmark points to some interesting analysis that suggests that the recent run-up in U.S. stock prices can be attributed to the newest rounds of quantitative easing:

What is clear is that the recent market rally is once again being driven by the Federal Reserve's QE programs. Money is flowing out of bonds, and the dollar, and into equities. The weekly chart below shows the decline in the market this past September and October as excess reserve balances with the Fed were drawn down. The subsequent rally has been fueled by the Fed as it has pumped...