QE2 – It's not just a cruise ship anymore, but it could certainly buy a few. It's called "Quantitative Easing", Part Deux – instant credit creation. The market is betting that it's on the way, and that's why bad news is good news.
Poof! – thanks Uncle Ben - we're rich! So… the banks get bailed out by the Federal Reserve once more. The Fed then buys more Treasuries in the open market operations trading sessions, loans money to the banks at near zero interest rates, and they in turn go out and buy more shares of Apple and Amazon.com. Everybody's happy. Yeah.