Here in the UK stocks rose two days ago on news that xmas retail spending fell 1.5%! It shows how out of touch the stock market bubble is due to the ridiculous belief that stocks will keep going up, Then again, they have been encouraged in this belief by the hundreds of billions given out by the Bof E QE programme and ultra low interest rates for a decade.
In the Uk the economy is so weak the B of E is loath to raise rates anymore than the pathetic increase of 25 bps last year.
Meanwhile, people are using credit cards and other forms of credit to pay rent/morgages and other bills. When the stock market crashes again this easy credit will dry up and cause havoc in the economy and wider society. An interesting and informative interview.