Why the Market's Been Rising

I don't know if you've been keeping up with this on Bloomberg, but everyone is anticipating that the Fed will very soon print another $500B to $1T of totally unbacked money and use it to buy Treasuries. Bonds and stocks, which usually move in opposite directions, are both rising in anticipation of another massive influx of printed money which will finance unsustainable government spending.

I have no idea at all what economic theory is at work here. My only guess is that they're doing this in the hopes that they can delay austerity measures long enough that the economy will start growing again, enough to pay for all of this. It's the same logic you use when you take out home equity loans to pay your mortgage.