David Rosenberg (one of the few that has spoken the truth thru this whole debacle) gives his views on the near and not so distant future.
A few excerpts-
"While it may be the case that the pace of economic decline is no longer as negative as it was at the peak of the post-Lehman credit contraction, the reality is that employment, output, organic personal income and retail sales are still in a fundamental downtrend."
"That leaves us with the opinion, as tenuous as it seems in the face of this market melt-up, that this is indeed a bear market rally and one that may well have run its course."
"Keep in mind that the jury is still out as to whether the March 2009 lows were in fact the bottom, as was the case in 1932."
Click on title for link to story. Tyler does a great job at Zero Hedge. I suggest you put him in your favorites if he's not already.