Logically this stock market price rise cannot go on forever, but it already seems to have gone on much longer than most of us would have guessed.   The shenanigans seem endless.  Could it be simply that fundamentals don't matter in markets as long as the majority of people aren't paying attention?  The fed just needs to come out once in awhile and speak half truths and make vague statements.   If market realities are simply nothing more than the perception of our collective consciousness, then as long as people stay uninformed perhaps we can indefinitely maintain the illusion of growth, regardless of factors such as dollar velocity.  lol.   Furthermore, I wonder how much "black market",  unreported cash, unmeasured economic activity there is and how that would factor in to monetary velocity measurements.