Praying to the Bernanke put...............from Rico

This is what praying to the Bernanke 'put' does for equities traders.

- QE1 juiced the equities markets upwards of 50%. Of course, after it ended they fell.

- QE2 juiced the equities markets upwards of 40%. Of course, after that ended they fell again.

- QE3 (well, it was called "Operation Twist") juiced the equities markets upwards of 30%. Surprise. It has ended and they are down a bit.

See a pattern of 'diminishing returns' here?

QE4 is surely coming, but we'll be fortunate to see it have a positive 10% impact on equities...maybe it will be less.
- Not a good idea to be 'long' on equities, since this can't be maintained much longer.