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Who is behind the stock market rally since November?

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Indice S&P 500 (OANDA:SPX500USD)  
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OANDA:SPX500USD   Indice S&P 500
Beyond Technical Analysis SPX (S&P 500 Index) SPDR S&P 500 ETF (SPY) bonds money foreignexchange
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beyondta spx spy bonds money foreignexchange
As the chart explains, US people made a historic dash for cash in November.

Foreign investors didn't gobble up US assets.

US bond prices trended down too, tracking the declines in USD.

So, who is buying stocks, and when do they run out of money?

Thoughts?
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