How much of the stock market's historic run comes from QE? "If merely half the market's excess...

|By:, SA News Editor

How much of the stock market's historic run comes from QE? "If merely half the market's excess gains (over the past rallies) are attributable to the Fed, it means that [it] has artificially created several trillion dollars in market capitalization," Barry Ritholtz writes. "The end game of this, and the unintended consequences, are beyond my ability to guess."