Bubble bubble, whose go the bubble?

From CNBC:

US stocks resume rise with Dow clearing 16,000; S&P 500 above 1,800
U.S. stocks gained on Monday, with the S&P 500 and Dow industrials at or near record highs, as Wall Street weighed a measure of builder sentiment coming in below expectations against the potential implications for the Federal Reserve's monetary policy.

Underlying gains that took the Dow above 16,000 for the first time and the S&P 500 above 1,800 is ongoing optimistic about stimulus from the Fed. "The market is very Fed oriented," said Paul Nolte, managing director at Dearborn Partners.

Emphasis mine -- talk about understatement. What happens when the days of little or no interest come to an end and the market adjusts? Interest on our Chinese loans skyrocket and the stock market comes crashing down. Bobbles like these have the same problems as Ponzi Scams -- there is no graceful exit strategy. What the Fed is doing is just kicking this can down the road with the intent of letting the next administration deal with the toxic residue. This illustration makes it all very clear: From Chip Bok.