Reacciones QE: Nikkei vs S&P 500

Desde pragcap.com:

"When the BOJ first announced QE in Japan in March 2001 the Nikkei 225 went wild.  Over the following 6 weeks equities rallied over 16%.  The reaction has been almost identical in the S&P 500 over the last 2 months.  But as investors in the USA begin to realize that QE is not the panacea it was first advertised as the S&P 500 has begun to reverse course.  In Japan, this was a scenario that did not end well as equities declined 43% in the following two years.  Although history rarely, if ever repeats, this is one chart that might be worth taking note of:"