In case you had any doubt about whether Ben Bernanke’s quantitative easing is pumping up the stock market, take a look at this chart from Asha Bangalore at Northern Trust.
The shaded areas are QE1 and QE2. The red line is the S&P 500.
Photo: Northern Trust
Of course, this does beg the question what will happen to stocks when QE2 ends.
Pray hard for QE3?