Ever since Janet Yellen completely threw the rules out the window and bailed out all her banking friends on March 13th, the financial sector has been thriving in the swimming pool of free cash they’ve received from the government. These explosive moves higher are continuing, but looking at the likes of Western Alliance Bancorp (symbol WAL) it seems to me the breathless ascent’s days are numbered. Before Yellen’s corruptive disruption was introduced, the stock was rightfully headed for $0. As it is now, it is approaching a mountain of overhead supply whose bottom is at about $53.62.
