, Columnist
Markets Can’t Process This ’60s-Style Recovery
Investors active today have never personally experienced an environment like this. That creates a serious risk of errors.
Traders aren't used to such extreme changes in the economic weather.
Photographer: Hulton Deutsch/Corbis Entertainment/Getty Images
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If the U.S. has a problem at present, it could be too much of a good thing. The economic rebound from last year’s seizure is proceeding with remarkable speed, and financial markets are cheerfully moving to price a continuing recovery as a reality.