I think it's scary. I'm short term neutral, medium term bearish and long term bullish on the stock market. I think it will falter soon and then we will have more QE. I think we have run out of money for the bond market and stock market but I guess they are already doing more QE so maybe we will be ok.
Here is the info Greg mentioned.
https://www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm