Reply #5: I wouldn't touch it in either direction

[notesdev]

The fundamentals call for a major market crash, but between the Fed printing money and giving it to banks, and those banks then HFTing their way into believing the insolvent companies they are trading shares of are worth anything outside the expectation of bailout after bailout ad infinitum... at some point this game is going to end, and it will be ugly.

But I wouldn't place any bets on just how long they can keep it up. Bernanke quite frankly scares me, I don't think there's anything he would not do to try to maintain the fiction that this whole mess is not to a great degree his own fault.