Markets are in a manic phase

Looks like the markets are headed to new highs.  There's not any reason for it except for the easy money policy of the Fed.  The GDP numbers weren't all that good, or so I hear.  Job numbers aren't that good, either.  In fact, the numbers are bad enough to keep the interest rate increases down.  It's that kind of news that drives the markets.  Then, political spinmeisters point to the markets as evidence of a good economy.  If it is so good, then why doesn't the Fed normalize rates?  The answer is that they can't.  Eventually, something has to give.

The markets are going up only because the Fed is blowing bubbles.  That's all they've got.