SPX and M2 money supply - Fed induced bubble
Updated
When they say don't fight the fed, I am pretty sure this chart explains why. The massive growth of the S&P over the last 2 years is perfectly correlated to the Fed's unprecedented financial manipulation. Let's all hope that it does not come crashing down just as fast. It will be a miracle for the Fed to engineering a "soft landing" after such reckless policy for the past two years. They should have raised rates last year this time, then we would have had a chance. Good luck.
Note
With come curve fitting to M2 and how it how it changed in 1995
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