Many economists were projecting a “V” shaped recession and the Fed has already said that the worst is over. You may have missed the 60 Minutes story on the next phase of the bubble bursting so I have added it below. I disagree with the final statement of the interviewee. Wall Street may be forward looking but that does not necessarily translate to profits for the average investor. I believe we are in a bear market rally only to plunge again once the sentiment of the public turns south again.
