Friday, February 11, 2011


The nasdaq is basically back to its prior highs before subprime, great recession, etc. What is mind boggling is it took only 23 months to achieve that move.  A similar move starting back in May of 2003 took 56 months.  That's quite a slope.  Equity markets priced in a V shape recovery.  Too bad the economy didn't get the memo.


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