Originally Posted by ShyGuy

Come on lets get real. This entire stock market rally is based on the liquid back stop the Feds have provided. If the Feds never bought the bonds and pumped a trillion+ to float this stock market, the crash would have continued from 18,300 down to about 7,000. THAT is where the stock market should be. If tonight the Feds announced they're ending all backstop, buying of bonds, pulling all support out of the market, the circuit breakers will be tripping in a heartbeat. The Feds even hinted that if buying bonds isn't enough they'll even start buying certain stocks if that's what it takes. It would be a zombie market, as Mohamad El-Erian said.