Just read these two articles. One explains how this QE works and why the market will hold this bid until it's over. It's really interesting. http://seekingalpha.com/article/252416-bears-may-be-taken-to-woodshed-during-next-correction?source=yahoo Then, read Fleck's blog. He's been very accurate and makes a good case for the other side.. http://money.msn.com/currency/ignoring-egypt-markets-roar-on-fleckenstein.aspx