In case you missed it, there's a funny video going around criticizing QE2:

Since QE2 was announced, Treasury bond yields have risen by about a quarter of a percentage point, causing bond prices to fall. While that doesn't sound like much, it is causing large moves in Treasury bond ETFs. Since Nov. 2, the day before the announcement, iShares Barclays 20+ Year Treasury Bond ETF (NYSE: TLT) has fallen 4.8% and Vanguard Extended Duration Treasury Index ETF (NYSE: EDV) has fallen 8.3%. Taking the reverse trade, ProShares UltraShort 20+ Year Treasury ETF (NYSE: TBT) rose 9.7%. Financial stocks as represented by Financial Select SPDR (NYSE: XLF) were immediately up following the announcement but have since come back down.

What do you think of QE2? Let us know in the comment box below.

More QE2 Foolishness:

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. We’re motley! Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.