It's a little early to judge her stock-timing skills but, just as we saw with Biotechs last year, [2] the market appears quite happy to ignore Janet Yellen's stock valuation calls (while still believing her every word - as if set in stone from on high - that the economy is recovering, that weakness is transitory, and that everything will be awesome)...
We will see if this monster algo ramp can break through yesterday's opening levels (and the stops waiting there).
[3]
But it apopears Yellen hadn't counted on yet another epic short squeeze at the open...
[4]
Charts: Bloomberg
