EEM breakout, what everyone already knows or should know

I am sure by now everyone knows of the EEM breakout above the upper trend line, also noticing higher lows. Why? Could it be that finally the effect of the corporate unfriendly tax climate, and the additional above the line cost of over regulation, the Democrats have created has caused enough corporations to move away into EEM countries, with no intent on re patrioting (spelling?) their money flow back to the US anytime soon, or ever? Could this same effect have a negative effect on US equities and US spending? This may not result in a world wide economic recovery, but what money there is the the world GDP could be now flowing out of the US and into EEM enough to reflect in the EEM rising as it is? Is there actually less money in the "system", but it is being exchanged elsewhere? Appreciate anyone's comments.