, Columnist
When I Said `Disaster' I Meant `Fill Your Boots'
With the Fed unleashing so much liquidity, a rubber band-like trajectory for stocks was almost guaranteed.
Don’t fight the Fed.
Photographer: BRIAN BIELMANN/AFP/Getty Images
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The rally now under way in global stock markets isn’t just the most hated in history, as I suggested earlier this week. It is also the biggest 50-day rally on record. The March low for the S&P 500 is now exactly 50 trading days ago, and the total percentage gain since then is the best 50-day stretch in the history of the index, as shown here by Bespoke Investment Group: