Have you considered that this is foreign territory for investors, most of whose opinions regarding the efficacy of Paulsen's measures have yet to crystallize? R

Have you considered that this is foreign territory for investors, most of whose opinions regarding the efficacy of Paulsen's measures have yet to crystallize? Right now, this is beyond a bear market and people are acting on negative impulses: The government's doing something? Buy. Bad financial news? Sell. It's when the former becomes "sell" that inflation will become rampant. Well, not literally; capital losses will likely cause serious deflation if the stocks really crash. But I don't see how a government pumping funny money into the market on this scale can do anything but devalue its currency severely.