Recovery, What Recovery?

With stock market recording the best six weeks since 1938, and banks reporting earnings which better numbers then analysts expectations (even if it is a loss as in the case of Citi Group, there is talk that the recession may be turning the corner.

In post for The Big Picture, Jack McHugh wonders if the Recovery is Just Around the Corner

While there was precious little in the way of actual positive news for investors to seize upon, hopes continue to rise because many parts of our economy are worsening at a slower rate. And, if “less bad” becomes widely accepted as the new “good”, then our capital markets may continue to work higher for a spell. The decision facing investors who are agonizing over whether or not to chase the ongoing rally in U.S. equities may come down to just how true are the claims that “recovery is just around the corner”.