According to Ben Bernanke, his research shows that the Fed's asset purchases boosted stock prices and helped the economy out of recession. That settles it folks, once and for all. Aggressive Fed intervention is critical to the success of our equity market and our economy. That without the genius of the Fed, stock prices can't rise and the economy can't grow.
As a side note, I just interviewed a rooster; and his research shows that his particular cockadoodledoo every morning is the reason the sun keeps rising.
In all fairness to "Big Ben"; when all you've got in yer toolbox is a hammer, everthin' looks like a nail.
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