Word on Wall Street
"The Fed is saying, 'We're going to force people into riskier investments by making sure they can't earn anything in the money markets,' so it does lend a little bit of support to stocks," said Jerome Heppelmann, portfolio manager at Omcap Investors, in an interview with the Wall Street Journal.
"People are coming more and more to the realization that, if they want to outperform inflation in the next three years, they're going to have to take on a little more risk."