How to capitalize on the Fed's QE3 | Wall Street Beat
Now that the Federal Reserve plans to run another round of quantitative easing, 1 analyst has the recipe for capitalizing on it with healthcare stocks.
Federal Reserve chairman Ben Bernanke said today that the bank will undertake a 3rd round of quantitative easing, as the Fed looks to strengthen the nascent economic recovery.
The so-called "QE3" plan will see the Fed buy up about $40 billion worth of long-term mortgage debt each month, hoping to boost growth and employment.
The move sent stocks up on Wall Street today, with the Down Jones Industrial Average and the S&P 500 each gaining 1.6%.