Or does it reflect the loss of the dollar value?
It’s almost entirely because of the trillions of dollars Bernanke has conjured out of thin air and injected into the banking/investment complex. It’s simply “reinflating the bubble.”
In a way, it does.
My thinking has it that a large chunk of US Dollar printing press products is being used to buy stocks involved in index lists such as the Dow Jones Average. That's makes markets look good and creates the impression that "all is well."
In actuality, common sense tells me that the US economy is going to hell.
Be prepared. A market crash is coming.