Last October, when the mood on Wall Street was near-apocalyptic and sellside strategists were tripping over each other to cut their year-end S&P price targets, we told readers that one of the biggest Wall Street bears, BofA's Michael Hartnett, concluded that sentiment was so atrocious that a "buy signal had just been triggered."
What happened next is unprecedented: while Hartnett was certainly right in expecting a year-end rally, we doubt even he had any clue about the face-ripping relentless meltup that was about to be unleashed and which has pushed the S&P from 4,000 to an all time high above 5,000 following a record-matching 14 out of 15 green weekly candles in the S&P...