Asset Price Distortion Field

It is strange enough that, over the last two years, the S&P 500 has gone up around 40%, without earnings growth. However, looking at how those earnings have been generated, it becomes clear that we are living in some kind of “Asset Price Distortion Field”.
http://www.streettalklive.com/daily-x-change/1810-analyzing-earnings-as-of-q2-2013.html

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