, Columnist
Stocks' Extreme Disconnect Demands a Perfect V
There’s a way to make sense of this rally, as long as there’s a swifter economic recovery than anyone thinks possible.
Flying toward our perfect future?
Photographer: Buena Vista Images/Vision Media/Getty Images
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What’s going on? Stock markets were up almost everywhere to start the month. This was despite a list of bad-news items that might be expected to push down share prices in normal circumstances: