patrick.net

http://money.cnn.com/2013/09/18/investing/stocks-markets/index.html?hpt=hp_t2

The Federal Reserve is not going to slow down the pace of its bond purchases yet. And that was just what investors wanted to hear.
The S&P 500 immediately jumped to a new record high, and the Dow quickly followed. The Nasdaq also moved up after the Fed's surprise announcement.

If we are in record territory, why do we need stimulus? At what record level will someone decide that we are okay to proceed without stimulus?

Stocks continued to rise as Fed chair Ben Bernanke laid out plans to maintain the central bank's "highly accomodative monetary policy" for the foreseeable future, even if the Fed eventually chooses to taper.

"if"??????

Clearly, the fed realizes that the following statement (from their office) is complete bullshit and the fundamentals will NOT support growth without continued stimulus.

"Taking into account the extent of federal fiscal retrenchment, the Committee sees the improvement in economic activity and labor market conditions since it began its asset purchase program a year ago as consistent with growing underlying strength in the broader economy," the Fed said in a statement.