The next disappointment may be ahead tomorrow, the NFP day. Hard to say what would be the FINAL market reaction. Maybe FED has to keep the QE3 longer and market eventually would be happy or maybe FED can't do much about the economy and we are slipping back to recession?
By the way ECB is doing a good job in calming the Cyprus uneasiness by saying this cannot be an template, i.e. the stupid act of ripping people the deposits.