View: dshort Featured Charts

For each previous QE type of program our Fed has enacted, the chart below illustrates the market reaction to easy money policy. QE1 and QE2 both saw market climbs followed by exhaustive selloffs once the programs wound down. After each selloff, the fed rolls out a new QE program and the pattern repeats. I don't know any better than anyone else about the appropriateness of these actions, but the markets seem to love them. Will it love another QE? I guess we will find out soon enough.