So suddenly printing money in quantities that may eclipse any other time period in history is a real fix?
Of course it's absurd. Pumping money is not a real fix. The real fix is production.
I know you know this but DOW 14,000 in 2007 does not equal DOW 14,000 2013. The majority of the people do not understand this.
Now what I meant by my "don't fight the fed" comment is Bernanke's QE and ZIRP policies are chasing money out of the bond markets and saving accounts. People are greedy and will seek a better return than bonds, saving accounts, CDs, etc. thus they are putting their money into equities. This is lifting the DOW so don't expect it to go down as long as Bernanke is making the other side unattractive to invest in.
This post was edited on 2/1 at 8:16 pm