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And get the economy churning again. it s been working. home prices are rising again due to low mortgage rates. more americans are finding jobs again. it won t stop printing until the unemployment rate dips below 6.5% which means the fed s will be at it until 2015. the flip side to the fed s action is that investors in bonds and interest baring accounts have suffered. it s a low-interest environment, which makes stocks the only liquid investment game in town and that explains the market we re in. joining me is the the chief economist at rbs securities and ned riley, the ceo. i have laid out why the fed has fuld the rally. when you buy a stock, you re buying a share of its earnings. the price to earnings ratio used to figure out the value of a stock is still low. let s take a look here. ....