The market doesn't fluctuate based on current "value." People buy stocks based on future value. When Bernanke made his announcement, it was to affect future value; it was the repurchase of long-term bonds.
Their strategy (which is all wrong) is based on the idea that making long-term bond interest cheaper will get companies to expand their capacity. That's wrong! We still have not recovered from the Great Recessions loss of jobs that increased capacity.
Without DEMAND, companies are not going to expand their operations. Especially since our GDP is growing at 2.5 to 3% while unemployment remains at 7.5% or over 11-million people without jobs.
I've always been against both Greenspan and Bernanke. From MPOV, they're both pretty dumb about economics.
Since I'm still keeping 90% of my investments, so I'm in for the long term.
There has been a time just before the Great Recession when I sold off 37% of my investments.
It's a small fire, but I believe it's going to impact the markets for the rest of this year.