Does Quantitative Easing Guarantee Higher Stock Prices?

In my opinion, stock market and economy are acting on its own schedule, driven by forceful under-current of cycles.  Human interventions, with Fed's actions included, are not causes but rather reactions to the forces of these cycles.  From this line of thinking, I wouldn't give too much hope on Fed's potential QE2 action inducing major stock market rallies.

Here is another article that looks at Japan's NIKKEI index and BoJ's QE actions, this could shed some light on this topic from historical perspective.

FOMC Meeting and Economic Cycles

Today, Moody's economist Mark Zandi predicts that Fed will take QE action "in a few months" due to the fact that economy will be a bad shape.  I don't want to endorse the validity of his prediction, rather it makes me feel interested with the actions that Fed took during the crisis between late 2008 and early 2009, and how market reacted to them.   By analyzing these Fed actions and market's reactions, we can get important information about dynamics that drives market timing.

More analysis on FOMC statements will come under this topic.