re: Why is the stock market moving up?

I've been questioning this for months. I know everything was gaining on expectations of QE3 but damn. We are around the highs prior to the crash which is absurd to me. I personally think we are in for a rude awakening in the future. Just speculation though no facts.

Edit: The powers that be have pretty much played the game perfect though. How long did the Fed continually say that another round of QE was a real option? 8-12 months? Every meeting they had for almost a year would mirror the meeting before it. They would say the economy is improving but quick enough. If this trend continues we are prepared to introduce another round of QE. That gave investors confidence. Throw in some questionable unemployment numbers and the retail investors that only read the headlines of the newspapers think that everything is back to normal...

I have a question though. Could issues overseas be a factor in this? Meaning many overseas markets are in limbo and investors are looking to reduce risk. Could our initial surge of 10-15% be an event people are labeling as a recovery and we have new foreign money investing in US equities to hide from the uncertainty overseas? If so when other markets begin to recover we could again have a massive correction. This is purely what if and just something to think about.