I will be the first to admit it, but I did not think the Fed would actually announce QE on Thursday at 12:30pm EST. The markets were prepared for it and they had been disappointed so many times in the past year that it only seemed right that the announcement would come when it was least expected. Since everyone else had announced QE it only made sense that the Fed would hold off one last time to play goalie in case of a global meltdown.
Well, it may just be that, in fact, that is what Thursday's real announcement was: an admission that the situation is much worse than the headlines let on and that QE as a last resort needed to happen now and not after the election. We'll soon find out.