On 2011-08-06, at 1:49 PM, Steve Bruns wrote:
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> On 6-Aug-11, at 10:12 AM, Doug Henwood wrote:
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>> QEn hasn't done much, really, has it?
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> No it hasn't but I didn't think anyone but the hyperinflation pep squad thought it would. But didn't it provide the stock market with a modest bump?
That's understating it. When QE1 started in March 2009, the SP500 was at its recession low of 683. When QE2 ended in March of this year, the index had nearly doubled to 1339 (+96%).
http://www.nyse.tv/s-and-p-500-history.htm