Confused about the meaning of "more than 100%," but this is interesting. ~ Ilene
By Robert Lenzner, Forbes Staff
Here is the most important factual find about the stock market I’ve learned for some many years: More than 100% of equity market gains since January 2009 have taken place during the weeks the Fed purchased Treasury bonds and mortgages.
And conversely, during the weeks when the Fed did NOT buy Treasuries or mortgage backed bonds, the stock market declined. Can you beat that? Credit to Michael Cembalest, Chairman of Market and Investment Strategy for J.P. Morgan Asset Management, for that extraordinary discovery.
Keep reading: Stock Prices Have Risen Every Week The Fed Bought Bonds Since 2009 – Forbes.
