No, man, I wasn't laughing with you, I was laughing at you.
The SP500 has rallied substantially since the New Year as a result of mostly good earnings reports. This, as others have asserted, is due in large part to earnings management. General sentiment from management, particularly in the tech sector, is that they are bracing for continued sluggish aggregate demand.
The actual recession ended in 2009, but to suggest that the overall economic outlook is great because of the recent rally is stupid. Some of the signs are encouraging but we are still facing a lot of headwinds. If we can get unemployment to start approaching 7%, then talk.
This post was edited on 1/26 at 3:51 pm