The strength of the recovery of US equity prices since the 'end' of the recession is equalled only by the post-1982 recovery. The path of recovery so far is eerily similar also. The chart below shows just what happens next - an insance melt-up followed by a purge unlike any other. 1987 deja-vu can't happen all over again? It's different this time.
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Are we really set for the rocket-shot to the moon or did we learn nothing from that greed and 'wealth-chasing' behavior of 25 years ago?
Chart: Citi