If by having the accelerator floored you mean that the M1 money supply is up over 30% before the financial crisis, then I have to admit you are correct. Once fed monitary policy is tightened, the market will most likely slide back some.
Above and beyond the money supply, it’s become pretty obvious that something akin to the long-rumored PPT is buying to shore things up.
Pretty neat trick when you think about it, “print” but don’t let it into the broader economy, just buy your own bonds, thereby financing continued boondoggles (and keeping mortgage rates down), and buy stocks with it via intermediaries so the sheep don’t stampede for the exits.
Despite all the smoke and mirrors, there are a few who know where the bodies are buried in all this mess, and oddly enough, they still get their mega-bonuses by way of the government trough.
It has a bit of an aroma of a quid pro quo, when viewed in this manner.