Why the Market is Rising

The market is rising because the Fed and Bank of Japan are printing money,according to Jim Bianco of Bianco Research.The Fed is probably looking for a reason for Quantitative Easing 3.The tipping point is when the liquidity manifests itself as inflation.
Wages are going up in China.It's coming.It's all gonna eventually lead to higher inflation expectations-probably late this year or early next year.Input costs,raw material costs are definitely gonna start to be a problem.
The economy is better than last summer.Has it progressed enough to support a 30% rise in stocks?Not entirely.Maybe a third or a half is attributable to QE2.That's a 15% correction in the market,Mr.Bianco estimates.
Quantitative easing is the Federal Reserve program of buying U.S. Treasury securities or other assets in order to bolster the economy by keeping interest rates low.