But even though the market quickly jumped to five-year highs, stocks fizzled shortly thereafter.
And that leaves investors wondering whether this market has staying power.
"The question now is if investors feel brave enough to continue to buy stocks at such elevated levels," Fawad Razaqzada, market strategist at GFT Markets wrote in a note to investors. Investors looking for a safer route should focus on companies that can thrive on their own merits -- even without an intoxicating shot of QE3.
Companies that make products we have to have - the necessities of life, in other words -- tend to be more resistant to market ups and downs.
Let's take a look at three companies that have delivered steady, reliable returns for decades -- with or without QE1, QE2, QE3 or, someday, QE99.