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.