QE1 saved the markets from going to zero and was good for 550 SPX points, from 666 to 1220 in one year.
QE2 was leaked in August of 2010 and was good for over 300 points, from 1050 to 1365 in six months.
Operation TWIST began in September 2011 combined with a fresh trillion dollars for Europe in December and was good for almost 350 points, from 1075 to 1420 in six months.
The latest “Euro-save” and QE3 was leaked last week at 1330 and has so far brought us over 50 points in less than a week.
If past performance is indicative of future results then there is another 250 points of upside from here. That will put us at record highs just in time for the Presidential Election. Think about that for a second.