Where do you get this idea? Rising stock prices mean that investors are losing confidence in the dollar. They recognize that the dollar is being trashed and are looking for ways to dump it. Purchasing stock is one of the ways.
Wall Street also knows that the day QE ends will also be the day that interest rates climb into the double digits. The one and ONLY purpose behind QE was to finance Obama Administration debt. Once that ends, our federal government will then be in the market to purchase over $1 trillion through the sale of bonds. $1 trillion is a heck of a lot of money, and in order to draw in this amount of cash, interest rates will have to be quite generous. And if that isn't bad enough, this exercise will be repeated again and again and again year after year after year.
I agree with just about everything you said...but alleged ‘Wall Street Experts’ really do think this is a good thing. If somebody suggests the economy is bad, these ‘Wall Street types’ just point to the gains in the stock market...and proclaim that everybody’s 401k has ‘come back’.
And any suggestion that this massive infusion could possibly, maybe down the road, if the economy ever started growing at a decent rate again, just might cause INFLATION, is met with ridicule and haughty laughter.
Gotta ask you a question about that.
The dollar has considerably strengthened against the Yen.
Yet both the Dow and the Nikkei are like straight up.
Shouldn't one of them have gone down if this is all about how investors view their currency?