We appear to be in a no longer free market. The bond market is now a monstrous bubble waiting to be popped, and that may be closely followed by a stock market and housing bubble. Bernanke is trying to create the "wealth effect"; by blowing asset bubbles, he gives people the belief they have more wealth than they actually do, to get them to spend money they can;t afford to spend. Why he thinks this is a good idea is beyond me, but I am not a Ph.D, so I'm sure he doesn't give a crap what I think. I sure hope, though, he gives a crap when the bill for all this comes due.
I will have the new highs update shortly.