I'm all for manipulation if it leads us to the end game, growth. ALL we mostly have is growth of stock prices. Fed has stated they targeted stocks. Rates say no other options.
From lows of 666 we are at 1500 plus? Nice ride! BUT I think we have seen PEAK in earnings cycle, int rates seem to have bottomed (though with stock collapse that could change again), there are many signs that suggest bull mkt of 5 years is in latter stages.
You CAN delay the inevitable, you cannot avoid it.