Investors wanted a sign, and the Federal Reserve delivered. With the Fed's announcement of new quantitative easing, the stock market soared, despite the move having been telegraphed well in advance. With low interest rates locked in at least through mid-2015, investors have apparently decided that stocks represent the only reasonable place to put their money. By the day's end, the Dow Jones Industrials
But some of those Dow components didn't take full advantage of the Fed's largesse. Microsoft
Are you stimulated?
When the Dow soars, even rising stocks can be disappointing if they don't fly as high. Still, the long run brings different results for patient investors. You still have to do your homework, though. For instance, General Electric may have an engine problem today, but it has been through tough times before. Is GE still a smart long-term investment? Find out by reading our premium report on GE today.
Fool contributor Dan Caplinger doesn't own shares of the companies mentioned in this article. You can follow him on Twitter @DanCaplinger. The Motley Fool owns shares of Microsoft and Apple. Motley Fool newsletter services have recommended buying shares of Microsoft and Apple, as well as creating a bull call spread position in Apple and a synthetic covered call position in Microsoft. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Fool has a disclosure policy.