Fed Actions Juicing the Stock Market? Say it Ain't So!

So there's this belief that the action of printing money by the Federal Reserve leads to inflated asset prices. That belief is correct. Apparently, printing more money and flooding it into the market leads to higher stock prices, higher oil prices, and higher bonuses for bankers.

This chart was published on March 19, 2012:

The red circle marks March 19 for the S&P 500:

Looks like the Fed needs to initiate another Quantitative Easing program.

Here's what the Fed's balance sheet looks like:

Impact? This:

Source: http://www.zerohedge.com/news/operation-twist-coming-end-preview-market-response
Source: http://finance.yahoo.com/echarts?s=%5EGSPC+Interactive#symbol=%5Egspc;range=20120102,20120601;compare=;indicator=volume;charttype=area;crosshair=on;ohlcvalues=0;logscale=off;source=undefined;
Source: http://www.ritholtz.com/blog/2012/01/living-in-a-qe-world/