Wall Street seems to have decided the recession risk is over. Can the Australian market do the same?

Experts say US market may have run ahead of itself', while the ASX 200's more modest recovery is due in part to Australia's reliance on fuel imports

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One day the IMF warns of a global recession, the next day stocks on Wall Street hit a record high.

From looking at the complete U-turn in fortunes in America, you wouldn't know the world was in the grips of an unprecedented energy shock.