CNBC Has A Truthful Headline

If you’re really wondering why the stock market is doing so well, I believe the headline from the following story pretty much sums it up.

Fed to Remain Wall Street’s Sugar Daddy: CNBC Survey

Yeah it’s pretty undignified but really, the market keeps going up because the market knows Helicopter Ben will take care of them and support them.

Every time there’s even a hint that the money train is slowing down causes a down day and then immediately the next day the cavalry comes out to reassure the market that Helicopter Ben isn’t going to act like an adult and cut off the purse strings.