Hmmmm... I don't know about that. The middle class own a lot of stocks and funds in their 401ks. I wouldn't put much "stock" in something a hedge fund manager says about what's good for the middle class.
Besides....the stock market often rises and falls for seemingly mysterious reasons, having nothing to do with anything done by the government.
The Housing market exist in a massive sea of debt with FHA now repeating the exact same policies that sunk Fannie and Freddie.
Wells Fargo just layed off 1500 personel from its mortgage division, and this Country took on 5.4 Trillion in GSE debt in 2008.
A large portion of that was securities backed by sub-standard loans and actual loans that were made with next to no capital requirement.
The Feds QE policy is based on purely political rationale, as a sell off right befors midterms would look really bad on the Democrats.
With out QE, the DOW would simply readjust to echo the current state of the economy, as trillions would vanish from the 401k portfolios of millions of Americans in an instant.
Easy come easy go I guess.
QE is a massive unprecedented tax on the middle class as money thats made on interest bearing accounts is shifted over to the asset markets.
Only a incompetent liberal boob of a President could accomplish something like that, and only American low information voters could be so ignorant as to not notice