Why is the Stock Market surging?

[no_hypocrisy]

1. Stock value goes up when corporations buy back their own stock.

It's an artificial increase in value, based on internal demand, not based on how much profit the corporation has made with manageable debt. With a good economy, the corporations make good profits and instead of re-investing that profit into expansion, research & development, and hiring more employees, that money goes to artificially inflate the value of stock. But when non-corporate purchasers of stock stop buying that stock, the risk is the value of that stock goes down, perhaps crashes.