Yes, I realize one may argue that the stock market is not an accurate measure of the economy but the wealth effect is powerful and a rising stock market has definitely improved the general mood of the investing public thereby allowing them to put some of their new found savings to work.

FORBES: How to Trade QE3

Private consumption is picking up and will continue as the wealth effect of a stock-market bull run kicks in.

CNN: ASIANOW - Asiaweek

Although some are expecting some form of QE3, Bernanke may need to provide a surprise in order to juice the stock market, which continues to be one of his goals (i.e. wealth effect).

FORBES: Investor Illusions