Is the Bernanke Put Dead?

Biderman on the famous Bernanke Put.

Is the Bernanke Put dead or alive? That is the most important question for the stock market today. And the reason is that all those bullish on the market firmly believe that Mr. Bernanke will stop this stock market from going down anytime soon. In other words without the Bernanke Put this stock market would be lots, lots lower.

Since the August 2010 low, right before QE2 was announced, the value of all US stocks is up by 40%, $6 trillion, to $19.6 trillion today. Since the start of QE2 the US government has run a $2.5 trillion deficit and the Federal Reserve has printed about $1 trillion, or say $3.5 trillion combined.

Video below.