PPT (plunge protection team) focus of speculation on stock market rally

The over 60% run-up since March 2009 in the DOW has analysts, economists and macro types asking what could have driven gains of this magnitude. Trim Tabs came out y/day suggesting very strongly that the Plunge Protection Team is pretending they are like the FED...the buyer of last resort and is likely buying S&P particularly and after hours specifically. There's no doubt that the financial crisis has bred a host of conspiracy theories regarding all aspects of the financial markets from actions of the FED and TSY to intentional malfeasance among formerly admired firms. Trim Tabs keeps tabs on fund investing in the U.S. and has found a drought of Retail investing in equities...money coming out of equity funds rather than flowing into them as might be expected during a typical (not govt driven) recovery. Trim Tabs speculates that the government is responsible for the massive upside in equity markets especially and believes big banks are in collusion with the govt to erase economic doubt among the Retail Set. It's pretty clear the FED, Tsy and the Administration have embraced the "if you build it, they will come" model for economic recovery; providing endless cheap funds to banks, ostensibly so they might provide loans to get businesses expanding and hiring again...leading to a virtuous cycle of working, spending consumers that will drive GDP recovery. However, Senior Lending Officer surveys (for instance) in 2009 indicated banks are lending less, not more money...and to fewer businesses and individuals - which would lead to a contraction, not expansion of business. So where's all that cheap dough going? Looks like at least some of it is ending up in the stock market. In this reporter's memory of the credit crisis and attendant programs, no official has ever said...'take this money and trade it, don't loan it...no matter what we say publicly'. So is the Plunge Protection Team, in league with banks awash in cheap govt cash, driving the stock market higher? Possibly but the real question is can they continue to outrun lousy data and the stock market bears?