The Curious Case of the “Normal Recession”

Nothing much happened in the markets yesterday. Stocks up. Gold up. Oil up. Bonds up. Dollar down. But listen up…an important announcement: The bear market/credit crisis/depression is over! How do we know? Abby Cohen says so. We read this in Bloomberg the other day: “U.S. financial markets have been moving ‘back towards normal’ since March, said Abby Joseph Cohen, Goldman Sachs Group Inc.’s senior investment strategist, in an interview. “‘Much of what we can recognize as happening