Monetary Policy has driven the irrational rise in the stock market. The Federal Reserve shored up the market via interest rates. As CD's expired, individuals no longer got their 5% rates and were forced to either let it sit in cash or put it towards equity investment. The upward move of the equity markets is severely downplayed by the ever decreasing volume. I have been waiting for a decent correction for what feels like an eternity.

Smart money is tip towing into the market and sitting on cash that makes no interest. The true correction in the market will come when the DOW hits around 14500 and the key play S&P corrects around 1500. Smart investors understand this...and are walking ever so cautiously into the market while sitting on $100k plus @ no interest.........just waiting for reality to hit.