well mlsoft, Richard Russell agrees with you.
"As I watch this market, I get the feeling that something weird is going on. The action just doesn't feel 'right' or 'normal' to me. And I think what it is--is that the stock market and the bond market are both being driven, not by improving business, but by rising liquidity. A Fed-created tidal wave of liquidity is floating everything higher--housing, stocks, bond. It's a false rise, but it's happening, and in this business we don't deal with morality, we deal with reality."