re: Why is the stock market moving up?

quote:

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Youself, Flask, foshizzle and a couple of others should be answering this question.

I have been curious as to the answer as well.

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I'm going to go ahead and take "the irrationality of Mr. Market" off of the table.

I'll go with "an international flight to quality". Investors may not think that they are buying at cheap valuations, but most likely fair ones. They are okay with that because the uncertainty in the rest of the world is far too unbearable. For all of the criticism of the QE programs, they seem to have avoided a meltdown of the economy, and investors view the Ben Bernank as the best drunk captain at the helm of the Titanic.