‘Tremors’ And The ‘Inevitable’ Aftershock Rally

"Hedge fund deleveraging 'events' spur central bank liquidity and sometimes massive rallies [or] bubbles," BofA's Michael Hartnett wrote, in the latest edition of his popular weekly "Flow Show" series. The reference, of course, was to last week's "tremor" (as he called it), when triple-digit upside moves in a handful of misfit stocks played havoc, sending the broader market to its worst week since October. The idea that the Fed might be forced to intervene to prevent GameStop from becoming sys