It's always nice when central banks turn on the spigots and give the economy a jolt in the arm. But in the end, if those efforts don't actually result in gains, they're meaningless. That's why today's promising data showing that existing-home sales rose a much greater than expected 7.8% in August was particularly useful, as it takes QE3 and its previous incarnations out of the realm of theory and shows actual hard results. Largely on optimism from that report, the Dow Jones Industrials
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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 Disney. Motley Fool newsletter services have recommended buying shares of Home Depot and Disney. Try any of our Foolish newsletter services free for 30 days. We Fools don't 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.