Macro view The Federal Reserve announced bold steps Thursday to stimulate the still-weak US economy and reduce high unemployment, saying it will spend $40 billion a month to buy mortgage-backed securities for long as necessary.
400 p.m. x 12 = 4800 p.m. scale is less than QE1 & QE2
Also, the central bank extended a plan to keep short-term interest rates at record lows - close to zero - through mid-2015, or six months longer than it had planned. Analysis: + dividend plays. Stock market should reflect the news in this few days. However, the outlook of China fundamental is still being concern, share price may pull-back.