Loading ...Keeping The Bubble Inflated
I admit that after March’s crash I did not believe that even the FED would be able to keep the bubble inflated for this long. Just when it seemed the FAANGS and rest of the Nasdaq 100 were ready to rollover they went to their last weapon. The AAPL and TSLA stock splits are almost guaranteed to be followed by a number of others. I thought there was an outsize chance the DJIA would fill the gap above, but now believe the final thrust to 30,000 DJIA is coming, probably before the election. A few stock splits by the likes of MSFT, Visa and Amazon(not in the DJIA) but important to overall sentiment, as well as others, will inflate the bubble even further and reach that illustrious magic round number. 
Of course we will have corrections, but the Fed literally has your back courtesy of the USD. This is the ultimate moral hazard created by the Fed. You literally cannot lose in nominal USD terms in something like Apple or Google. Zimbabwe 2.0. Not only that, but because of fear, people crowd into names like Apple and Google (both bonds and equities) and smaller companies are starved of capital. The rich get richer. Look at the recent bond issuances by Apple and Amazon as an example. Do any other companies on earth get to borrow billions for essentially free? Add to that the ridiculous resources, both human and capital, that they can bring to bear, and the situation is even more ridiculous. They are stifling innovation and opportunity in America (I can go on for hours about how that are actually accomplishing this).
I guess 4 trillion buys a lot of bubble air…. as in helium