QE3箭在弦上，市场对QE1和QE2的反应告诉了我们什么？
QE1始于11/08，结束于3/2010， QE2 始于8/2010，结束于6/2011。QE1股票涨了36%，结束后跌了10%，QE2股票涨了19%，结束后继续涨了11% 。同期，原材料，能源和金属股票涨跌幅大大的超过大市。见下。
问题是股市已达到5/08 以来最高。QE3 还能把股市推到哪里？大家有何高见？
我的股票投资本来是极端被动的，95% invested，懒人也想动一动了。LOL
QE1 started in November 2008 and concluded in March, 2010. QE2 started in November 2010 (Bernanke announced it at the end of August at Jackson Hole) and concluded in June, 2011.
Here, from the Ned Davis report, is the percentage change in the S&P 500 since QE1 started:
During QE1 up 36.8%
Between QE 1 & 2 down - 10.5%
During QE2 up 19.1%
Since QE2 up 11.4%
QE 1 and QE2 appear to have moved the stock market; when it was withdrawn, the market was either down (between QE1 and QE2) or up much less (since QE2).
This outperformance is even more stark when you examine commodity stocks:
Materials
During QE1 up 82.7%
Between QE 1 & 2 down -8.7%
During QE2 up 21.4%
Since QE2 down - 9.3%
Energy stocks
During QE1 up 48.2%
Between QE 1 & 2 down -14.1%
QE2 up 36.5%
Since QE2 up 14.7%
Big moves up when QE is on, big decline when withdrawn. The exception is energy stocks, which have held up well since QE2 concluded.
Commodities like gold, silver, copper and oil also rose during QE.
Just look at what copper did:
During QE1 up 116.3%
Between QE 1 & 2 down - 6.9%
QE2 up 21.8%
Since QE2 down - 16%
