Over the weekend, I looked at over 1,000 stock charts, and a surprising number of them had undergone an interesting phenomenon: specifically, the stock in question (and there were plenty of them) had years and years of being range-bound and meandering higher and lower.
Yet, magically, after the BTFP scheme was introduced by Yellen, it’s basically been a straight line higher. Below is retailer of sexy kids’ clothing Abercrombie & Fitch, which used to be a dog stock. Now it’s becoming like a biotech outfit that just cured cancer.
There’s only one explanation.
