The chart below shows all you need to know about the market participation in the most recent rally.
A simple calculation indicates that as algos take the Dow higher by about 100 points a day, we are only 251 days away from Dow 36,000. But why stop there: it is now obvious that Bernanke will not stop until 2 shares of total NYSE volume take the Dow to 100,000 in just under two and a half years at this rate. And as the VIX goes negative in just under a month, the Fed will be paying investors to buy calls on Dow 100,000,000 just in case. Because it is better to be safe than sorry.