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After only five months from the recession low, the S&P 500 returned to its all-time record high this week. This once again reflects the new normal of a central bank liquidity-driven world. Historically, following a recession, the average time for the S&P 500 to recover recession losses has been over 2.5 years. The U.S. economy, however, likely remains in the recession which officially began in February.
The disconnect between the stock market and the real economy has become flagrant. The industry "experts" that parade on the financial media networks all claim to be confounded by