My favorite chart is to superpose the S&amp;P for the past 10 years with the size of the Fed balance sheet. It&#x27;s almost a perfect match. What is certain is that the Fed B&#x2F;S isn&#x27;t going up anymore (but it isn&#x27;t reducing either). I don&#x27;t know if we are heading toward a crash, but unless we have QE4, stocks are certainly not going up.