Which is why I'm scared to death that once the Fed stops printing money and injecting it into the economy (and since there's really no place else to put it, it's going into the stock market), the market is going to crash, and it will probably be a lot worse than 2008.
The stock market simply doesn't make any sense at this time, and it seems that stock prices haven't been based on company financial health for quite some time.
Mark
It actually does.
The main reason the stock market surged over the last few weeks is because Obama lost the sequester fight.
Investors take heart when Obama is weak and Obama has been having a rough go of it lately. Same thing happened in the period of time after he initially took office. When it was apparent that he wasn't going to get cap and trade through (a major reason the market was weakening when it looked like he would take the Presidency) we had a major run up.
If he fails dramatically on the budget look for levels to rise even more.