But my point is that the current action smacks of the fast-money types rotating out of stocks like Rovi Corp ( ROVI) and Apple ( AAPL) (both of which I own in portfolios I manage) and into the former yawners such as Home Depot ( HD) and Wal-Mart ( WMT).
Even with the Bernanke put, what is underneath is the belief in the put is that sooner or later the U.S. economy will grow fast enough to allow the Fed to stop pumping newly printed money into stocks.