> Stock market indexes are generally forward-looking. We'll see QE3 "priced into" the market before we see its effects.
QE3 is pretty much already priced into the market.
However, the stock market won't help Obama. He needs employment.
The median income has gone down more during the "recovery" than it did during the recession. The only reason why unemployment is stable/creeping down is that folks are dropping out of the workforce; workforce participation is dropping.
Heck - compare the number of folks going on disability to the number finding work.
QE3 is pretty much already priced into the market.
However, the stock market won't help Obama. He needs employment.
The median income has gone down more during the "recovery" than it did during the recession. The only reason why unemployment is stable/creeping down is that folks are dropping out of the workforce; workforce participation is dropping.
Heck - compare the number of folks going on disability to the number finding work.